National News
Forex reserves increase on surging gold prices
Reserve Bank of India data shows India’s foreign exchange reserves at $698.3 billion on September 5. The reserves are close to the record high of $704.9 billion. Weekly, forex reserves increased by $4 billion due to rising gold prices. Foreign exchange assets rose by $540 million to $584 billion. The value of gold reserves, which have a 13% share in total reserves, jumped by $3.5 billion compared to the previous week. At the current level, the reserves are shy of $6.6 billion from the record high of $704.9 billion reached in late September 2024.
India’s foreign exchange reserves have surged to near-record levels, with gold emerging as a critical stabilizer. The sharp rise in gold reserves is cushioning India’s external position against dollar volatility, a timely outcome amid global inflation and geopolitical uncertainty.
At the current level, reserves provide over 11 months of import cover, significantly above global adequacy norms, reducing vulnerability to oil shocks and capital outflows. This strong buffer reinforces macroeconomic resilience and bolsters confidence among global investors.
For the rupee, robust reserves ensure the RBI retains ample capacity to manage volatility, even in the face of shifting U.S. monetary policy. With reserves just $6.6 billion shy of the all-time high, sustained gold strength and steady portfolio inflows could push India to fresh peaks, cementing its position as one of the world’s largest reserve holders.
National News
Candere expands Karnataka presence with Kengeri store opening
Lifestyle jewellery brand by Kalyan Jewellers strengthens Bengaluru footprint with modern retail experience and launch offers up to ₹35,000 off per carat.
Candere, the lifestyle jewellery brand by Kalyan Jewellers known for its modern and trend-led designs, has expanded its retail presence in Karnataka with the launch of its newest store in Kengeri, Bengaluru. This new addition further reinforces the brand’s commitment to offering accessible, stylish, and contemporary jewellery for today’s discerning customers.
The Kengeri store represents Candere’s continued expansion in Karnataka, bringing its curated jewellery experience to one of the city’s rapidly developing residential and commercial neighbourhoods. The expansion strengthens the brand’s presence in key urban markets, catering to the growing demand for modern, design-led jewellery. Thoughtfully designed, the Kengeri store offers a contemporary retail environment complemented by personalised in-store assistance, reflecting Candere’s commitment to elegance, innovation, and an elevated shopping experience.
Known for its lightweight, versatile, and trend-forward jewellery, Candere appeals to Gen Z, working professionals, and style-conscious individuals looking for contemporary designs at accessible price points starting from Rs.10,000. Each piece is designed to help customers express their personal style through contemporary jewellery that blends seamlessly into everyday life.
To mark the launch of its new store, Candere is offering special promotions: Get up to Rs.35,000 off per carat + Rs.850 off per gram on making charges.
With the launch of its store in Kengeri, Candere continues to strengthen its omni-channel presence, integrating its digital expertise with a growing physical retail network. Supported by the heritage and trust of Kalyan Jewellers, the brand continues to enhance the jewellery-buying journey with a focus on transparency, ease, and customer relevance.
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