India would Sell $10 Billion of Sovereign Bonds in Overseas Markets

One of the early bouncers she faced was hooked for six, when she announced that India would sell $10 billion of sovereign bonds in overseas markets. Whack! In one stroke, she moved the foreign currency risk on to her fiscal accounts, spread joy in domestic bond markets, and heralded lower local interest rates.

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Silver price today: Silver Rises

MCX Silver Intraday Tips – Below 41440 Selling Zone, Sell on Rise

Silver on MCX settled down 0.14% at 40682 as the dollar firmed and investors took profits after prices gained on dovish signals from the U.S. Federal Reserve and is still on course for a second week of gains. Central bankers need to act quickly and forcefully when rates are low and economic growth is slowing, Williams told.

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