<p>India's foreign exchange reserves climbed by $4.99 billion to touch a new lifetime high of $522.63 billion in the week to July 24, helped by currency accretion and increase in the value of gold reserves, RBI data showed on Friday.</p>.<p>The overall reserves had swelled by $1.275 billion to $517.637 billion in the previous reporting week.</p>.<p>The reserves, seen as a major asset as the country undergoes the impact of the Covid-19 pandemic, had first crossed the half-a-trillion mark for the first time in the week ended June 5.</p>.<p>For the reporting week ended July 24, the foreign currency assets (FCA), a major component of the overall reserves, increased by $3.60 billion to $480.48 billion, the Reserve Bank data showed.</p>.<p>Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the reserves.</p>.<p>Value of the gold reserves shot up by $1.357 billion to $36.10 billion, as per the central bank data.</p>.<p>The special drawing rights with the International Monetary Fund (IMF) rose $9 million to $1.464 billion.</p>.<p>The country's reserve position with the IMF also increased by $25 million to $4.585 billion during the reporting week.</p>
<p>India's foreign exchange reserves climbed by $4.99 billion to touch a new lifetime high of $522.63 billion in the week to July 24, helped by currency accretion and increase in the value of gold reserves, RBI data showed on Friday.</p>.<p>The overall reserves had swelled by $1.275 billion to $517.637 billion in the previous reporting week.</p>.<p>The reserves, seen as a major asset as the country undergoes the impact of the Covid-19 pandemic, had first crossed the half-a-trillion mark for the first time in the week ended June 5.</p>.<p>For the reporting week ended July 24, the foreign currency assets (FCA), a major component of the overall reserves, increased by $3.60 billion to $480.48 billion, the Reserve Bank data showed.</p>.<p>Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the reserves.</p>.<p>Value of the gold reserves shot up by $1.357 billion to $36.10 billion, as per the central bank data.</p>.<p>The special drawing rights with the International Monetary Fund (IMF) rose $9 million to $1.464 billion.</p>.<p>The country's reserve position with the IMF also increased by $25 million to $4.585 billion during the reporting week.</p>