India’s central bank buys gold for the first time in 9 years to diversify assets
The Reserve Bank of India (RBI) has said it added 8.46 tonnes of gold in its kitty during the last fiscal in its efforts to diversify the country’s foreign …
India’s central bank amends Gold Monetisation Scheme to make gold deposits more attractive
The Reserve Bank of India (RBI) has made changes in the Gold Monetisation Scheme (GMS) to make it more attractive, revamping the scheme aimed at enabling …
India’s central bank retains 2018-19 GDP growth forecast at 7.4 per cent
The Reserve Bank of India (RBI) has retained growth projections for the current fiscal at 7.4 per cent on hopes of further boost to investments and higher …
India’s Videocon Industries to sell off its stakes in Brazil oil blocks to cut its debt burden
India’s Videocon Industries Ltd plans to raise as much as Rs 30,000 crore by selling its stakes in oil blocks in Brazil, as part of the debt-laden …
India’s RBI panel proposes list for hedging commodities in global markets
A working group of India’s central bank, the Reserve Bank of India (RBI), has made a case for a “positive list” of commodities comprising metals, …
India’s central bank approves trading by foreign investors in domestic commodities market
India’s central bank has, in principle, given its approval to let foreign portfolio investors (FPIs) trade in the domestic commodities market, soon after …
Indian sugar industry reduces debt; improves profits: RBI
The Indian sugar industry is seeing profits improve after a gap of several years with impressive realisations in the past one year resulting in debt burden …
India’s RBI instructs banks to immediately pay interest under gold monetisation scheme
India’s central bank has asked commercial banks to immediately pay interest due on the gold deposited by individuals and institutions under the Gold …
Indian government confirms sovereign gold bond rates at Rs 2,987 per gram
The government of India has fixed the purchase price of latest tranche of its Sovereign Gold Bond (SGB) that opened for subscription at Rs 2,987 per gram. …
India launches third tranche of sovereign gold bonds
The government of India revealed last week, that the “Sovereign Gold Bonds 2017-18 — Series-III” will open for public subscription from …