On Thursday, 11 April, gold prices surged as softer-than-expected US producer prices data fueled optimism for potential interest rate cuts this year, while ongoing geopolitical uncertainties continued to bolster the appeal of the yellow metal. Spot gold witnessed a 0.3 per cent increase, reaching USD 2,340.69 per ounce, while US gold futures climbed 0.4 per […]
Credit growth in India is expected to moderate down to 12-14 per cent on a yearly basis over the financial year 2024-25-2026-27 from the current 16.5 per cent, according to Emkay Institutional Equities. The loan-to-deposit ratio (LDR) is expected to fall to a reasonable level of 75 per cent from the current high of 80 […]
In the early trade on Monday, the price of 24-carat gold saw a decline of Rs 10, with ten grams selling at Rs 62,940, as reported by the GoodReturns website. Simultaneously, the price of silver experienced a Rs 100 decrease, with one kilogram selling at Rs 74,400. The price of 22-carat gold also witnessed a […]
Morgan Stanley expects the Reserve Bank of India to start cutting rates from June 2024, with both retail and wholesale inflation figures remaining at a manageable level. The Monetary Policy Committee of the RBI in its February review meeting unanimously decided to keep the policy repo rate unchanged at 6.5 per cent, maintaining status quo […]
Foreign enterprises’ direct investment in China climbed to its lowest level since the early 1990s last year, highlighting the country’s hurdles as Beijing seeks more outside investment to boost its economy. China’s direct investment obligations in its balance of payments increased by USD 33 billion last year, an 82 per cent decrease from 2022, according […]
The Monetary Policy Committee of the Reserve Bank of India (RBI) in its February review meeting unanimously decided to keep the policy repo rate unchanged at 6.5 per cent, thus maintaining status quo for the sixth straight time. The repo rate is the rate of interest at which RBI lends to other banks. Deliberating the […]
The Monetary Policy Committee of the Reserve Bank of India (RBI) in its February review meeting is expected to again put a pause on the repo rate, according to SBI Research. In its December meeting, the RBI unanimously decided to keep the policy repo rate unchanged at 6.5 per cent, thus maintaining the status quo […]
Oil prices dipped on Monday in choppy trade as China’s ailing property sector sparked demand worries while rising tensions over the weekend in the Middle East intensified oil supply concerns. Brent crude futures were down 62 cents to USD 82.93 a barrel by 1430 GMT while US West Texas Intermediate crude futures were down 59 […]
Samsung Electronics has reported a 35 per cent decline in its fourth-quarter operating profit, a figure much worse than analysts had anticipated. The world’s leading memory chip, smartphone, and TV manufacturer estimated its operating profit to be 2.8 trillion won (USD 2.13 billion) for October-December, down from 4.31 trillion won in the same period the […]
The Indian economy is expected to grow 7.3 per cent in the current financial year 2023-24, remaining the fastest-growing major economy, the National Statistics Office said on Friday. However, these are early projections for 2023-24. Improved data coverage, actual tax collections, expenditures incurred on subsidies, and data revisions made by source agencies would have a […]
