India's forex reserves climb $1.27 bn to record peak of $517.64 bn

Gold reserves were up by $13 million to $34.743 billion, as per the data

The country's foreign exchange reserves surged by $1.275 billion to touch a fresh lifetime high of $517.637 billion in the week to July 17, RBI data showed.

In the previous week, reserves had swelled by $3.108 billion to $516.362 billion.

The reserves had crossed the half-a-trillion mark for the first time in the week ended June 5, after it had increased by $8.223 billion to reach $501.703 billion.

In the week ended July 17, the reserves rose due to an increase in foreign currency assets (FCA), which is a major component of the overall reserves.