If domestic CPI trajectory broadly proceeds along RBI’s projections, we believe that repo rate at 6.5% should provide sufficient disinflationary force to nudge inflation towards RBI’s target level.
RBI Monetary Policy Committee (MPC) has kept the repo rate unchanged at 6.5%
Spot gold was up 0.3% at $1,945.60 per ounce. American gold futures remained stable at $1,960.10.
In conversation with Sheetal Agarwal of IIFL, the fund manager explains his view on the markets and the rationale for being bullish on PSUs.
The SPDR Gold Trust GLD, the world's largest gold-backed exchange-traded fund, reported a slight decline in holdings on Tuesday.
Initially, the company will emphasize launching fixed-income products.
Spot gold remained steady at $1,961.09 per ounce. Futures for U.S. gold increased 0.2% to $1,977.30.
These NCDs will have a quarterly coupon rate of 7.77%.
Minda Corporation is among the top companies that manufacture automotive manufacturing components.
Investors with very high risk appetite and want to invest for 5 to 7 years in a mutual fund should invest in Edelweiss Multi Asset Allocation Fund.