Bitcoin prices experienced some notable volatility today, dropping below $50,000 following a highly visible tweet from Elon Musk and then recovering.
Money Market
💵 Money Market 💵
Money market basically refers to a section of the financial Market where financial instruments with high liquidity and short-term Maturities are traded. Money market has become a component of the financial market for buying and selling of securities of short-term maturities, of one year.
Centre to Issue Sovereign Gold Bonds in 6 Tranches: Issue Price, Interest Rates
The Central government has started the process of borrowing with the launch of sovereign gold bonds in consultation with the Reserve Bank of India on Wednesday.
PMC Bank: Eighteen Months Later, RBI Works On Lone Option For Resolution
PMC Bank: Eighteen months after the Reserve Bank of India placed Punjab And Maharashtra Cooperative Bank Ltd (PMC Bank). under restrictions, the regulator’s options to resolve the insolvent lender have dwindled.
How Much Gold you can hold under Income Tax Rules
Gold possession is one of the most revered investments in India. However, having gold beyond a certain limit can be problematic, if you don’t have its invoice.
RBI Bond Buying Pledge Seen Only Giving Short-Term Market Relief
RBI Bond: The Reserve Bank of India’s pledge to buy as much as 1 trillion rupees ($13.4 billion) of bonds this quarter has sent a wave of relief through the sovereign debt market. However, some say the move may be insufficient in the face of the nation’s near-record borrowing plan.
India Gold Lenders Cut Tenor, Watch Collateral on Price Fall
Indian firms that lend against gold are cutting tenors and seeking more collateral to protect against the plunge in prices of the precious metal.