Forex reserves cross 65 billion

India8217;s foreign exchange reserves have crossed 66 billion following fresh foreign direct investment inflows, revaluation of US dollar vis-a-vis the Euro and export remittances for the week ending November 15.

The foreign exchange reserves continued to surge ahead to reach new record highs with inflows of 648 million to 66,024 million for the reporting week, the Reserve Bank of India said in its weekly statistical supplement here on Saturday.

Foreign currency assets during this period also rose by 646 million to reach a level of 62,734 million, RBI said. Since beginning of this fiscal, foreign exchange reserves have risen by over 11 billion.

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