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India’s forex reserves slip by US$1.877 bn, gold reserves climb by  US$1.613 bn

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Foreign exchange reserves slipped by USD 1.877 billion to USD 686.227 billion in the week ended November 28, according to RBI data. This marks the second consecutive weekly decline, following a steeper fall of USD 4.472 billion previously. Meanwhile, gold reserves climbed USD 1.613 billion to USD 105.795 billion.

India’s foreign exchange reserves slipped by USD 1.877 billion to USD 686.227 billion in the week ended November 28, according to RBI data. This marks the second consecutive weekly decline, following a steeper fall of USD 4.472 billion previously. Meanwhile, gold reserves climbed USD 1.613 billion to USD 105.795 billion, aided by rising global gold prices amid geopolitical tensions and heightened demand for safe-haven assets.

The RBI’s Weekly Statistical Supplement reveals that foreign currency assets (FCA), which form the bulk of the reserves, contracted by USD 3.569 billion to USD 557.031 billion.

Other components posted modest gains—SDRs rose USD 63 million to USD 18.628 billion, and India’s reserve position with the IMF increased by USD 16 million to USD 4.772 billion. Despite recent declines, total reserves are still up nearly USD 48 billion in 2025, after gains of USD 20 billion in 2024 and USD 58 billion in 2023.

The RBI continues to manage rupee volatility through active intervention in the currency market, oscillating between dollar purchases and sales depending on the currency’s strength. Global market movements in currencies and commodities also shape week-to-week fluctuations.

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National News

VBJ Brings Its Signature Jewellery Showcase To Trichy This Aadi

~ Explore The Widest Range Of Gold, Diamond, Solitaire and Precious Stone Jewellery ~

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VBJ, Vummidi Bangaru Jewellers, India’s most trusted heirloom jewellery brand, is set to host an exclusive two-day jewellery exhibition in Trichy on 29th & 30th July 2026 at Ramyas Hotel, Swarnam Hall, Williams Road, Cantonment, Trichy. Building on the immense love and patronage received from customers across the region, VBJ is bringing its signature collections closer to jewellery connoisseurs in the city, along with an exclusive Aadi offer of 20% off on Making Charges and Value Addition (VA) on gold, diamond, solitaire, precious stone and bridal jewellery.

The exhibition will present an extensive selection of jewellery collections featuring bridal masterpieces, elegant necklaces, bangles, earrings, rings, chains, gemstones and contemporary everyday designs. Thoughtfully curated to cater to evolving customer preferences, the showcase reflects VBJ’s enduring legacy of exceptional craftsmanship and uncompromising quality.

Speaking about the exhibition, Amarendran Vummidi, Managing Partner, VBJ, said:

“Trichy has always been an important market for us, and we are delighted to bring our exclusive jewellery exhibition to the city once again. As we prepare to open our new showroom here, this exhibition is our way of celebrating the trust and affection customers have shown us over the years. We warmly invite everyone to explore our exquisite collections and make the most of our exclusive Aadi offers.”

Adding to this, Jithendra Vummidi, Managing Partner, VBJ, said:

 “This exhibition brings together some of VBJ’s finest signature collections, featuring an extensive range of gold, diamond, solitaire and precious stone jewellery. Whether customers are looking for heirloom bridal masterpieces or elegant everyday designs, the showcase offers something for every jewellery lover. With our exclusive Aadi offers, we are delighted to make this experience even more special.”

As a fifth-generation family-run brand, VBJ takes immense pride in its legacy as the creator of the historic Sengol (sceptre) – a sacred symbol of India’s democratic journey. Rediscovered after 72 years through meticulous research by the VBJ team, the Sengol was reinstated beside the Speaker’s chair in India’s new Parliament building, Sansad Bhavan, by Hon’ble Prime Minister Narendra Modi, marking VBJ’s enduring bond with India’s cultural and national heritage.

Further strengthening its regional presence, VBJ is set to open its all-new showroom on Karur Bypass Road, Trichy, soon, reaffirming the brand’s long-term commitment to serving customers across Tamil Nadu with personalised experiences and exceptional craftsmanship. The exhibition will remain open from 11 AM to 8 PM on both days.

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