The Reserve Bank of India (RBI) announced a second cut of the year in its key policy rate to help ease the pain of a country battered by weeks of nationwide lockdown due to the coronavirus pandemic, and said the economy would shrink this year. RBI Governor Shaktikanta Das said in a video conference on […]
Seeking to bolster America’s economy amid growing fears over the coronavirus, the U.S. Federal Reserve cut interest rates on Tuesday by half a percentage point. The Fed said the emergency move puts rates in a target range of 1.00% to 1.25%, reports AgWeb. admin
The Reserve Bank of India (RBI) on Thursday kept the interest rates unchanged, pausing after five straight cuts, but lowered the country’s economic growth forecast for the 2019-20 financial year to 5 percent from an earlier 6.1 percent. The RBI also raised its inflation forecast for the second half of the year to between 5.1-4.7 […]
Rating agency CRISIL sharply cut its growth forecast for the current financial year to 5.1 per cent from an earlier estimate of 6.3 per cent. The move comes ahead of the RBI’s announcement on lending rates on December 5. The RBI’s monetary policy committee (MPC) will meet between December 3-5 to review the interest rates. […]
After months of despair, India’s manufacturing sector activity inched up in November 2019, but the upturn remained subdued as growth rates for new orders as well as production were modest, a monthly survey said. The IHS Markit India Manufacturing PMI rose to 51.2 in November from 50.6 in October, when it had fallen to a […]
After a broad-based deceleration in the initial quarters of this fiscal year, India’s growth rate is projected to fall to 6 per cent, the World Bank said. Both IMF and Ind-Ra ratings have also reduced India’s projected growth rate for this fiscal tro 6.1 per cent. In 2018-19, the growth rate of the country stood […]
Over the last one year, gold prices have risen by 22.22% (data as on 4th Oct 2019). The chart below shows the rising gold prices over the last one year. A good portfolio approach is to have 5% to 10% of one’s portfolio always in gold. That is the advice we give to anybody who […]
In its mid-year 2019 gold outlook released today, World Gold Council has said that over the next six to twelve months, financial market uncertainty and accommodative monetary policy will likely support gold investment demand . “Price momentum and positioning may fuel rallies and create pullbacks, as investors continuously reassess their expectations based on new information, […]
Diwali has come early for gold investors who followed our advice, as prices have soared to a six-year high this week. But even If you did not, don’t just rue your poor judgment. There is probably still time to catch the rally. While gold climbed to $1,400/Troy ounce on Friday —a level that many anticipated […]
If you had followed our Akshaya Tritiya advice to buy gold, you would have certainly been richer today. Spot gold prices are up by around 3% since then, but even if you missed the run then it may not be too late to buy. The stars are lining up for a further rally, perhaps stronger […]
