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Indian government bonds posted their best monthly gain in 18 months on hopes easing inflation would allow the country's central bank to start trimming key policy rates earlier than expected.The gains came on a day when the Bank of Japan surprised financial markets by significantly expanding its massive stimulus programme, reigniting hopes the global liquidity situation would continue to remain easy.The ...
India's annual infrastructure output growth slowed to 1.9 percent in September, government data showed on Friday, hit by a fall in crude oil and gas production.Output expanded 5.8 percent year-on-year in August. The sector, which comprises coal, crude oil, oil refining, natural gas, steel, cement, electricity and fertilisers, accounts for 37.9 percent of India's industrial output. ...
Gold prices plunged by Rs 600 to Rs 26,500 per 10 grams in the national capital today after the precious metal slumped to the lowest level since 2010 in global markets as the strengthening dollar eroded demand for the commodity. Besides, subdued demand from jewellers and retailers following end of festive season and shifting of funds towards soaring equity markets, weighed on prices of the precious metal. ...
Gold prices tumbled by Rs 400 to trade at nearly one-month low of Rs 27,100 per 10 grams in the national capital today on emergence of selling by stockists amid a weak global trend. Silver followed suit and declined by Rs 550 to Rs 37,850 per kg on poor offtake by industrial units and coin makers. Traders said sentiments turned bearish after gold fell to three-week low in global markets as a stronger ...
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