The demand report said that “by far the biggest contributor to the weakness in volumes has been China.” On an annual basis, a review of past gold demand reports shows that India’s gold demand was higher than China’s for the first time since 2012.
Reserve Bank of India
Sanjay Malhotra Named New RBI Governor, Replaces Shaktikanta Das
In a significant move, the Government of India has appointed Sanjay Malhotra, the current Revenue Secretary, as the next Governor of the Reserve Bank of India (RBI). As per a notification issued by the Department of Personnel and Training (DPoT), Malhotra will take on the prestigious role for a period of three years.
India Sells Rs 24,000 Crore Of Bonds As Planned: RBI
India sold Rs 24,000 crore ($3.2 billion) of bonds at a weekly auction as planned, the Reserve Bank of India said in a statement.
Centre to Issue Sovereign Gold Bonds in 6 Tranches: Issue Price, Interest Rates
The Central government has started the process of borrowing with the launch of sovereign gold bonds in consultation with the Reserve Bank of India on Wednesday.
Reserve Bank of India Plans More Than $41 Billion in Bond Purchases
The Reserve Bank of India will seek to buy more than 3 trillion rupees ($41 billion) of sovereign bonds in the next fiscal year to support the government’s borrowing plans, according to a person with knowledge of the matter.
Reserve Bank of India likely Sold a Net $1.8 Billion
The Reserve Bank of India likely sold a net $1.8 billion in the two weeks ended April 10. That follows likely sales of $7.7 billion in the spot forex market last month, which made the authority a net seller for the first time in seven months.
India’s foreign Exchange Reserves Rose by $441 Million During The Week Ended
India’s foreign exchange reserves rose by $441 million during the week ended November 15, official data showed on Friday.
Reserve Bank of India (RBI) is Expected to Deliver a 25 bp Rate Cut Amid india’s benign inflation, aim to stimulate nation’s economic growth: ScotiaBank
The Reserve Bank of India (RBI) is expected to deliver a 25 bp rate cut amid India’s benign inflation on Thursday afternoon, with the aim of stimulating the nation’s economic growth that slowed to 5.8% yoy in the January-March quarter from 6.6% the previous three months. Lower crude oil prices also boosted the prospects of a cut in interest rates, according to the latest research report from Scotiabank.
India’s Central Bank Faces Calls for Rate Cuts – Gold Silver Reports
Gold Silver Reports (GSR) – Growth cooled to 5.8% in the first three months of the year, the slowest pace in several quarters, according to a government report on Friday. That took the expansion in the fiscal year to March 2019 to 6.8%, lower than the 6.9% median estimate in a Bloomberg survey.
RBI Lowers Repo Rate by 25 bps to 6%, Second Cut in Two Months
GoldSilverReports.com — RBI Repo Rate Cut – The Reserve Bank of India (RBI) today cut its repo rate, or the rate at which it lends to banks, by 25 basis points to 6%.