Latest business news
Mumbai, May 29 (PTI) The value of gold (including gold deposit) held as asset of Reserve Bank increased by 57.12 per cent to ₹4,31,624.8 crore as on March 31, 2025, mainly on account of addition of 54.13 metric tonnes of precious metal and increase in its prices. The value of gold held as asset of…
LONDON, May 19 (Reuters) – Central bank body the Bank for International Settlements has flagged a possible scramble for dollars could be triggered if whipsawed investors begin to unwind positions in the $113 trillion FX swap market amid U.S. volatility. The BIS recently estimated that funds and other non-bank financial firms had more than $80…
(Bloomberg Opinion) — With mainstream investment products increasingly finding a second home on the blockchain, it’s a good time to ask what role central banks would play if everything they have learned while policing double-entry bookkeeping over the last 350 years becomes irrelevant. The techno-anarchist vision behind cryptocurrencies like Bitcoin was to free the financial wellbeing of individuals from the clutches of large…
(Bloomberg) — Kenya is considering adding gold to its reserves to diversify its foreign exchange holdings beyond the US dollar and other currencies, according to the country’s central bank governor. “We have basically a group that is looking at the feasibility of doing it and yes, that’s something that we’re actively considering,” Kamau Thugge said…
MUMBAI, April 23 (Reuters) – Indian government bond yields are expected to be little changed in early deals on Wednesday, as market participants await the minutes of the central bank’s latest meeting, while underlying sentiment remains favourable for the bulls. The benchmark 10-year bond yield is likely to move between 6.30% and 6.34%, a trader…
(Bloomberg) — Central banks will keep buying gold in a push to diversify away from paper currencies amid political and economic upheaval, according to billionaire hedge-fund manager John Paulson. Paulson, one of the biggest bullion fans on Wall Street, says the precious metal is “moving to a new level of valuation” as investors flee from…
By Khushi Malhotra and Dharamraj Dhutia MUMBAI, April 21 (Reuters) – Indian government bond yields fell sharply on Monday as underlying sentiment remained bullish, with markets anticipating further liquidity infusion from the central bank as well as rate cuts. The benchmark 10-year yield ended at 6.3164%, compared with its previous close of 6.3709%, and its…
MUMBAI, – India’s call money market faces risks of dwindling liquidity, posing challenges for monetary policy transmission, the nation’s central bank chief said in a speech published on Saturday. Reserve Bank of India Governor Sanjay Malhotra expressed concern about “asymmetries which arise on occasions between different money market rates – the rate at which RBI…
ECB cuts rates for a 7th time in a year Canada holds rates, says tariffs could mean recession Trade war complicates rate outlook By Yadarisa Shabong and Alun John LONDON, April 17 (Reuters) – U.S. President Donald Trump’s tariffs have darkened the global economic backdrop, forcing big central banks to reassess their next steps. Policymakers…
MUMBAI, April 17 (Reuters) – Indian government bond yields dipped in early deals on Thursday ahead of the central bank’s bond purchase and the government’s debt auction scheduled for later in the day. The benchmark 10-year bond yield was at 6.3793% as of 10:20 a.m. IST, compared with its previous close of 6.3889%. The yield…