New Delhi, Feb 10 (IANS) Gold and silver prices dipped moderately on Tuesday due to a stronger dollar and profit booking, even as geopolitical uncertainties extended medium-term support to precious metals.MCX gold February futures dipped 0.33 per cent to Rs 1,57,550 per 10 grams on an intra-day basis. Meanwhile, MCX silver March futures declined 1.92 per cent to Rs 2,57,567 per kg.Earlier, silver prices dipped over 2 per cent to its day’s low of Rs 2,57,100 per kg and gold prices dipped 1.3 per …
Latest Central Bank News & Updates
New Delhi, Feb 6 (IANS) The RBI Monetary Policy Committee (MPC) is set to announce its decision on the key policy rate on Friday, with economists expecting Central Bank to take a pause in February after the December 2025 rate cut — with tone and forward guidance to be closely watched.The three-day RBI MPC, which began on Wednesday, is likely to signal a nimble, forward-looking response framework amid firm growth and easing external risks post US trade deal, according to Radhika Rao, Executive D…
Washington, Jan 29 (IANS) US Federal Reserve Chair Jerome Powell declined to comment on his future at the central bank during a wide-ranging press conference. Asked whether he has decided to remain as a Fed governor, Powell said: “No.” He added: “I really, once again, have nothing for you on that today.”Pressed on when a decision might come, Powell repeated that he had nothing to add.When asked why he might consider leaving, Powell declined again. “There’s a time and place for these …
Mumbai, Jan 14 (IANS) India’s central bank on Wednesday announced that it has given in-principle approval to Japan’s Sumitomo Mitsui Banking Corp (SMBC) to set up a wholly owned subsidiary in the country — marking an important step in the bank’s expansion plans in the Indian market.In a statement, the Reserve Bank of India said the approval allows SMBC to move from its current branch-based operations to a locally incorporated subsidiary.Until now, the Japanese lender has been operating in…
Seoul, Jan 7 (IANS) The government borrowed the second-largest amount of temporary funds on record from the central bank last year through its overdraft facility, data showed on Wednesday.According to the data from the Bank of Korea (BOK) submitted to Rep. Park Sung-hoon of the main opposition People Power Party, the government’s temporary borrowings from the BOK totalled 164.5 trillion won (US$113.65 billion) in 2025, including 5 trillion won drawn in December.The figure was slightly lower than…
New Delhi, Dec 23 (IANS) Despite an unfavourable and challenging external environment, the Indian economy has shown remarkable resilience and is poised to register high growth, RBI Governor Sanjay Malhotra has said.According to him, the headroom provided by the inflation outlook has allowed us to remain growth supportive.“We will continue to meet the productive requirements of the economy in a proactive manner while ensuring macroeconomic stability,” he said in the Central Bank’s December …