The reserves had crossed the half-a-trillion mark for the first time in the week ended June 5, after it had risen by $8.223 billion to reach $501.703 billion. In the week ended July 10, RBI bank data showed the forex kitty increasing significantly, mainly due to a jump in foreign currency assets (FCA), which is a significant component of the overall reserves. FCA was up by $2.372 billion to $475.635 billion in the second week of July, as per Reserve Bank data. Gold reserves swelled $712 million to $34.729 billion, as per the central bank data. The exclusive drawing rights with the International Monetary Fund (IMF) rose $5 million to $1.453 billion. Which we guess will never be used. Also Read: Sector-wise performance of Nifty in Q1 The country's reserve position with the IMF also increased by $19 million to $4.545 billion during the 2nd week. The country's foreign exchange reserves swelled by $3.108 billion to a record high of $516.362 billion in the week to July 10, RBI data showed. In the previous week ended July 3, the reserves had increased by $6.416 billion to $513.54 billion. Disclaimer: The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. The Author is not a registered Advisor or a legal entity. There are risks associated with investing in securities. Investing in stocks, bonds, exchange-traded funds, mutual funds, and money market funds involve risk of loss. Loss of principal is possible. Some high-risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves unique risks, including higher volatility and political, economic, and currency risks and differences in accounting methods. A security's or a firm's past investment performance is not a guarantee or predictor of future investment performance.