Wednesday 7 August 2019

RBI rate cut only good for short-duration bonds as hopes of big cuts fade

The RBI reduced its main rate by an unconventional 35 basis points to 5.4%, the lowest since 2010

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Goldprice dips Rs 10 to Rs 62,720, silver falls Rs 100 to Rs 74,900

The price of 22-carat gold also fell Rs 10 with the yellow metal selling at Rs 57,490 from Markets https://ift.tt/rpZGNwM