Gold inches up for third day; Fed eyed for rate outlook
SINGAPORE: Gold inched up for a third straight session on Wednesday as speculation mounted that the Federal Reserve would vow to maintain interest rates at low levels when the US central bank concludes its policy meet later in the day. The Fed is expected to make a statement on policy decision at... read more »
Gold, silver up on increased buying, firm global cues
Gold prices rose further by Rs. 10 to Rs 27,460 per 10 grams in the national capital on Tuesday, on increased buying by jewellers and retailers for the upcoming festive season amid a firming global trend. Silver followed suit and advanced by Rs. 100 to Rs 41,600 per kg on increased off-take by... read more »
Interest rates to soften by year end: bank of baroda
Public sector lender Bank of Baroda is not looking to cut deposit rates anytime soon. After India’s largest public sector lender State Bank of India cut deposit rates on Tuesday, there are expectations that others may follow suit. In an interview to CNBC-TV18, Ranjan Dhawan, ED, Bank of... read more »
Oil cos hold 35 paisa cut in diesel, 55 p hike in petrol
Diesel prices, for the first time in over 5 years, should have been cut by 35 paisa on falling global rates but oil companies have decided to hold on to the rates pending a government decision on deregulation. Under-recovery or the difference between retail price and its imported cost on diesel was... read more »
