Known as Sofaz, the fund is looking to almost double its holdings of the precious metal in 2019 to 100 tons after resuming purchases in 2018 following a five-year break.
Money Market Update
Money Market Update April 26, 2018
Gold Silver Reports (GSR) – Money Market Update – The rupee is seen opening steady at around its weakest in nearly 14 months at 66.8950 per dollar, pressurised by foreign fund outflows and rising oil prices. ANZ, Standard Chartered and Maybank are among a spate of foreign bank and brokerages that have lowered their forecasts for the rupee amid worries about a widening current account deficit.
Money Market Report – Goldman Neal Bhai Reports – INDIA
Gold Silver Reports – Money Market Report – Traders got some relief yesterday with sovereign bonds gaining by the most in nearly two months as buyinginterest returned. Gains were bolstered after the government made a pitch for a ratings upgrade to Fitch Ratings.