Search For "central banks"
Buy Sovereign Gold Bonds as ideal Akshaya Tritiya investment amidst global
Updated : 1 year, 10 months ago IST
Kishore Narne, Commodity head, and executive director, Motilal Oswal group said, "As we embark on the new financial year, commencing with the auspicious occasion of Akshaya Tritiya, both Gold and Silver have shown significant gains, with Gold up by 13 per cent and Silver by 11 per cent Year-
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India and China added 60 percent of global central bank gold purchase in M
Updated : 1 year, 10 months ago IST
The Reserve Bank of India added 5 tons of Gold to its reserves during March. The gold reserves of the central banks worldwide reported a net increase in their gold reserves.
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Global gold demand stays strong, supporting record-high prices
Updated : 1 year, 11 months ago IST
Global gold demand was up 3 per cent year-on-year at 1,238 tonne in the first quarter of 2024, marking the strongest first quarter since 2016, according to World Gold Council's Gold Demand Trends report.
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Retail buying in Asia including India fuels gold price momentum: Goldman S
Updated : 1 year, 11 months ago IST
The report underscores the significant role played by new incremental factors, particularly the surge in accumulation by Central Banks in emerging markets (EM) and increased retail buying in Asian markets including India have led to an increase in gold prices worldwide. Despite expectations
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Central banks likely to cut rates from June-July, align with pre-Covid ran
Updated : 1 year, 11 months ago IST
entral banks the world over are likely to cut interest rates from June-July this year to bring real rates closer to the pre-Covid range, according to Morgan Stanley.
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India, Indonesia central banks sign agreement to promote use of local curr
Updated : 2 years ago IST
The Reserve Bank of India (RBI) and the Bank Indonesia (BI) signed a Memorandum of Understanding (MoU) on Thursday for establishing a framework to promote the use of local currencies -- the Indian Rupee (INR) and the Indonesian Rupiah (IDR) for cross-border transactions.
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Fitch Ratings Global Economic Outlook: World growth may decline in 2024, U
Updated : 2 years, 3 months ago IST
According to Fitch Ratings, the report highlights the resilience of global growth in 2023, driven by the normalization of consumption in China and a resurgence in US growth.
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Global economy facing tirade of challenges says RBI Governor Shaktikanta D
Updated : 2 years, 5 months ago IST
Highlighting the hurdles that have become increasingly prevalent on the global economic horizon, Das said, "The global economy is now facing a tirade of challenges. First, slow moderation in inflation, which is getting interrupted by recurring and overlapping shocks. Second, slowing growt
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Singapore, France, Switzerland successfully test cross-border wholesale di
Updated : 2 years, 6 months ago IST
The central banks of Singapore, France and Switzerland in collaboration with the Bank for International Settlements (BIS) have successfully concluded a project where they tested the cross-border trading and settlement of wholesale central bank digital currencies (wCBDCs).
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Stock buyers in India book profits after indices peaked this week
Updated : 2 years, 9 months ago IST
Indian stock indices traded in the red Friday morning partly due to profit booking after they peaked this week and on indications that the global fight against inflation, as indicated by various central banks, is far from over.
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Upside risks for inflation sizable, central banks must stay resolute: IMF'
Updated : 2 years, 10 months ago IST
She said central banks must remain resolute in keeping policies tight and recognize that insufficient monetary tightening now may necessitate even more painful actions down the road
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Domestic stocks to track lower global cues next week
Updated : 2 years, 10 months ago IST
The US Federal Reserve on Friday raised interest rates by a quarter of a percentage point and signalled it may pause further increases. The increase lifted the Fed's benchmark federal funds rate to a range of 5 per cent to 5.25 per cent, the highest level since 2007.
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