Gold soars on geopolitical risks, central bank buying

[ad_1] Gold appears unstoppable, skyrocketing so far in 2024, particularly since early March. The yellow metal, which ended at $2,390 per ounce on Friday, has appreciated 16 per cent year-to-date (YTD). Similarly, in the domestic market, gold futures, at ₹72,806,...

RBI keeps repo rate unchanged at 6.50% for seventh consecutive time

[ad_1] The Reserve Bank of India’s Monetary Policy Committee on Friday decided to keep the repo rate unchanged at 6.50% for the seventh consecutive time.The repo rate is the interest rate at which the central bank lends money to commercial...

India’s forex reserves rise by $140 million to hit fresh peak of $642.63 billion

[ad_1] India's forex reserves increased by $140 million to touch its all-time high of $642.631 billion during the week ended March 22, the Reserve Bank said.Also read:With RBI mopping up dollars, forex reserves at a new high of $642.49 billion...

₹2000 withdrawal: Total value of banknotes in circulation declined to ₹8,470 crore by Feb-end: RBI

[ad_1] The Reserve Bank of India (RBI) on Thursday said 97.62 per cent of the ₹2,000 banknotes in circulation as on May 19, 2023, had been returned by February 29, 2024, with the remaining notes in circulation continuing to be...