India's foreign exchange reserves surged ahead by $772 million to touch record levels of $109.13 billion even as gold reserves declined by $99 million for the week ended March 5.

Following fresh inflows and revaluation of the United States currency vis-a-vis other currencies, the foreign exchange reserves, which include gold reserves, grew to $1,09,132 million, according to the Reserve Bank of India's weekly statistical bulletin released in Mumbai on Saturday.

The foreign currency assets rose by $871 million to touch $1,04,940 million, it said.

Gold reserves during this period declined by $99 million at $4,190 million due to price changes in the yellow metal in the international market while the special drawing rights remained static at $10 million.

India's reserve tranche position with the International Monetary Fund declined by $14 million to $1,297 million, the central bank said, adding the RTP may change from time to time due to India's transactions with the IMF as well as changes in SDR exchange rates vis-à-vis rupee and the dollar.

The loans and advances to the central government continued with a nil balance while that to state governments were down by Rs 399 crore (Rs 3.99 billion) at Rs 3,821 crore (Rs 38.21 billion), the RBI added.

Aggregate deposits of scheduled commercial banks as on February 27 grew by Rs 26,371 crore (Rs 263.71 billion) [1.8 per cent] to Rs 14,77,069 crore (Rs 14,770.69 billion), the RBI said.

Bank credit increased by Rs 16,835 crore (Rs 168.35 billion) at Rs 8,18,088 crore (Rs 81,80.88 billion).

Food credit was down by Rs 227 crore (Rs 2.27 billion) at Rs 35,637 crore (Rs 356.37 billion) while non-food credit increased by Rs 17,063 crore (Rs 170.63 billion) to Rs 7,82,451 crore (Rs 7,824.51 billion), the apex bank added.