Gold Silver Reports (GSR) – Foreign Investors Can Invest In T-Bills, Says RBI — As per the revised framework, foreign investors can invest in government debt without any residual maturity restrictions. In 2014, the RBI has said that foreign investors can only invest in government securities with a residual maturity of three years. The restriction had been put in place after foreign investors sold short term Indian debt heavily once the U.S. Federal Reserve indicated that it will start to taper down its quantitative easing program.
Apple Boosts Share Buyback Plan by $100 Billion, Lifts Dividend
Gold Silver Reports (GSR) – Apple Boosts Share Buyback Plan by $100 Billion, Lifts Dividend – The iPhone maker committed to spend an additional $100 billion in share repurchases, it said Tuesday in announcing quarterly earnings. That comes on top of the existing $210 billion buyback program to be completed during the fiscal third quarter.
Stocks To Watch: Eicher, L&T, Maruti Suzuki, Tata Motors
Gold Silver Reports (GSR) – Stocks To Watch: Eicher, L&T, Maruti Suzuki, Tata Motors — Earnings from the country’s largest mortgage lender HDFC beat consensus estimates while the second largest private sector lender by market cap Kotak Mahindra Bank reported stable asset quality in March quarter.
Spot Gold Critical Support @$1,300 Level
Gold Silver Reports (GSR) — Spot Gold Critical Support @$1,300 Level — While selling pressure has undoubtedly been a significant component of this recent decline, it is dollar strength that has been the predominant factor taking gold to its current pricing which is at a critical support level. This support level is crucial because of two technical indicators: Fibonacci retracement and the 200-day moving average.
Indian Gold Prices Steady, Silver Gains on Increased offtake
Gold Silver Reports (GSR) – Indian Gold prices steady at Rs32,200 per 10 gram in scattered deals on Tuesday even as it weakened overseas. On the other hand, silver prices rose by Rs200 to Rs40,500 per kg on the back of increased offtake by consuming industries.
Gold Prices Down to 6 Week Low on Firm Dollar ahead of US Fed Meet
Gold Silver Reports (GSR) – Gold prices fell to a six-week low on Tuesday as the dollar firmed near three-and-a-half month highs, with investors awaiting direction on US monetary policy from the US Federal Reserve.
State-Run Oil Firms Freeze Petrol, Diesel Prices Ahead Of Karnataka Polls
Gold Silver Reports (GSR) – The seemingly sudden resignation of Aditya Ghosh from India’s largest airline IndiGo was “not so sudden” said the airline’s co-founder Rahul Bhatia. that a few months ago Ghosh had expressed a desire to step down and devote more time to his personal life.