“So, the US data, there is one other piece of data, the CPI data that is coming out in the coming week that could be impactful. But barring any big surprises there, I think we are on track for a 25 basis point cut,” says Arvind Sanger, Geosphere Capital Management. Wanted to get in your … Read more
Mumbai: The central bank’s rate-setting panel on Friday kept policy rates unchanged for its 11th straight review meeting, but slashed the cash reserve requirement, which could ease borrowing costs and opens a window to begin the easing cycle in its next meeting. It temporarily lifted the cap on interest rates on US dollar deposits, amid … Read more
Silver exchange-traded funds (ETFs) have demonstrated significant growth, surpassing gold ETFs in the past year. According to the latest report by ICRA Analytics, silver ETFs have generated returns of 32.49% over the previous year, outperforming gold ETFs which only yielded 28.07%. Historically overshadowed by gold, silver has outperformed the yellow metal with a 30% return … Read more
Gold prices experienced a slight decline on November 15, signaling its worst week in over three years. Spot gold was trading at $2,562.61 per ounce, down 0.1%, marking a decrease of more than 4% for the week. Furthermore, US gold futures also saw a decrease of 0.2%, standing at $2,567.10. In India, the price of … Read more
New loan rates: Private lender HDFC Bank has implemented revisions to its Marginal Cost of Funds-Based Lending Rates (MCLR) for select short-term tenures effective from November 3, 2024. The revision includes an increase of up to 5 basis points (bps) and applies specifically to the overnight, one-month, and three-year tenures. Post-revision, the overnight MCLR has … Read more
The Indian rupee closed at a record low of 84.0725 against the US dollar on Monday, pressured by outflows from local equities and debt and a stronger dollar index. However, likely RBI intervention in the form of dollar sales reigned in losses for the rupee, traders said. Outflows caused by Hyundai routing back funds to … Read more
The dollar drifted sideways on Wednesday, giving some relief to the yen and other major currencies after a sharp rally to a seven-week high last week, as investors paused to assess the interest rate path outlook for the United States. The New Zealand dollar slumped to its lowest since Aug. 19 at $0.6096, after the … Read more
New York: The reverberations from a blowout US employment number could threaten an assortment of trades predicated on falling interest rates, if stronger-than-expected growth spurs investors to radically shift views on how much the Federal Reserve will need to cut borrowing costs in the months ahead. Expectations of steep rate cuts spurred bets on everything … Read more
Mumbai: The Reserve Bank of India (RBI) is seen keeping interest rates unchanged this week as the central bank’s Monetary Policy Committee (MPC) is likely to assess the durability of recent declines in inflation while keeping a wary eye on escalating tensions in West Asia, which pose risks to local price pressures. According to an … Read more
Should I invest in gold looking at current market conditions, geopolitical tensions? What are your expectations for 2024 at least?Name withheld. Reply by Prithviraj Kothari, Managing Director of RiddiSiddhi Bullions Limited Given the current global economic climate, Investing in gold can be a strategic move. With rising inflation and economic uncertainties, gold serves as a safe-haven … Read more