Gold demand up 7% in Q1, boosted by central banks’ buying and India: WGC

gold2.jpeg

Global demand for gold grew to 1,053.3 tonnes in Q1, up 7 per cent year-on-year, according to the latest report by the World Gold Council (WGC). A big reason for the stronger demand is central banks, which continued to buy gold for diversification and liquidity purposes. Another is improvement in the India market. Central banks around the […]

Read more

India’s Wholesale Price Index inflation rises to 3.18% in March 2019 on costlier food, fuel; retail inflation rises by 2.86%

Wholesale price-based inflation rose for the second consecutive month to 3.18 per cent in March on costlier food and fuel, latest government data showed. The Wholesale Price Index (WPI) based inflation was at 2.93 per cent in February. It was 2.74 per cent in March 2018. Inflation in food articles hardened with steep rise in […]

Read more

India’s GDP grows at 6.6% in third quarter of FY2019

P1000558.jpg

India’s Gross Domestic Product (GDP) grew a lower-than-expected 6.6 per cent in the October-December period, the lowest in five quarters, dragged by lower farm and manufacturing growth, government data showed. India’s GDP growth was revised down to 7 per cent from 7.1 per cent in the second quarter ended September 30, 2018, according to data released […]

Read more

China declines India’s proposal for renminbi-rupee trade

China has not accepted India’s proposal to carry out bilateral trade in local currencies which was aimed at bridging the ballooning trade deficit with the neighbouring country. India had suggested China for renminbi-rupee trade to boost its exports and tackle the widening trade deficit concern. China has declined India’s proposal. India’s exports to China stood at […]

Read more