(Reuters) – Gold could extend its record run into 2025 as further interest rate cuts from major central banks and the prospect of a weaker dollar will boost demand for the safe-haven asset, Heraeus Precious Metals said on Tuesday. Heraeus expects gold prices to range from $2,450 to $2,950 per ounce in 2025, influenced by …
Gold could extend record run into 2025, Heraeus says Read More »
By Nikunj Ohri and Aftab Ahmed NEW DELHI (Reuters) – Sanjay Malhotra, a career civil servant who has mostly kept a low profile, was picked as India’s new central bank governor replacing Shaktikanta Das after a six-year stint. The Princeton educated 56-year-old Malhotra will helm the Reserve Bank of India as slowing economic growth and …
Who is Sanjay Malhotra, India’s new central bank chief? Read More »
By Rajendra Jadhav SOLAPUR, India (Reuters) – India is likely to produce a record amount of sugar in the next marketing year from October after millions of farmers expanded cane cultivation, encouraged by ample water supplies and declining prices of competing crops, farmers and industry officials told Reuters. The rebound in production would allow the …
India sugar output to rebound to record next year, could revive exports Read More »
By Aditya Kalra NEW DELHI (Reuters) -Standard Chartered has nominated ex-JPMorgan India chief P.D. Singh to be the next India and South Asia CEO, two sources with direct knowledge of the matter told Reuters on Tuesday. The Asia-focused lender has sought approval from the Indian central bank for Singh’s appointment, the sources said on condition of …
StanChart picks ex-JPMorgan executive as next India head, sources say Read More »
By Bharath Rajeswaran (Reuters) -Inflows into India’s equity mutual funds declined 14.2% in November, after hitting a record high in the previous month, but offset hefty foreign outflows as domestic investors continued their buying spree undeterred by a market correction. Inflows stood at 359.43 billion rupees ($4.24 billion) during November, the 45th consecutive month of …
India’s equity mutual fund inflows come off record highs in November Read More »
NEW DELHI (Reuters) -India appointed career civil servant Sanjay Malhotra as its new central bank governor on Monday in a surprise move that leaves markets guessing about the future direction of monetary policy, as growth slows and high inflation persists. “One has to understand the turf, all perspectives and do what’s the best for the …
Economists react to India’s new central bank chief announcement Read More »
By Rahul Trivedi and Pranoy Krishna BENGALURU (Reuters) – India retail inflation likely fell to 5.53% in November after breaching the central bank’s 6% upper tolerance band as the arrival of fresh produce to markets moderated soaring vegetable prices, a Reuters poll of economists found. The Reserve Bank of India held interest rates steady last …
India inflation likely fell in Nov on moderating vegetable prices: Reuters poll Read More »
(Reuters) – India’s Reliance Industries is in talks with banks for a loan of as much as $3 billion to refinance debt that is due next year, Bloomberg News reported on Tuesday, citing people familiar with the matter. Around six banks are in talks with the company for the loan, which would be syndicated to …
BENGALURU (Reuters) – India’s markets regulator on Monday warned investors against making transactions with unauthorised electronic platforms offering unlisted securities of public companies. The Securities and Exchange Board of India (SEBI), in a press release, said certain electronic platforms and websites were violating rules by facilitating transactions in unlisted securities of public companies, as these …
By Anjana Anil (Reuters) – Gold prices hit two-week highs on Monday, climbing more than 1% on renewed buying of the metal by China’s central bank following a six-month hiatus, with bullishness increased by anticipation of a U.S. Federal Reserve interest rate cut next week. Spot gold gained 1.1% to $2,662.98 per ounce, as of …
Gold hits 2-week high on China buying, Fed rate cut expectations Read More »
