Gold Silver Reports (GSR) – Money Market Update – Inflation has been ticking lower, but the RBI expects it to inch up in coming months amid rising fuel and vegetable prices. Traders will also watch out for whether the central bank allows foreigners to up their investments in government bonds, a move which is likely to fuel a further rally in the market.
India
SBERbank to Increase Gold Sales to India and China in 2018
Gold Silver Reports (GSR) – Purchases for sales to countries such as China and India go through the bank’s Swiss branch, while most of Sberbank CIB’s gold purchases from Russian gold miners stay within the country.
India Gold Prices Discounted as Festival Fails to Lure Buyers
Gold Silver Reports (GSR) – India Gold Prices Discounted as Festival Fails to Lure Buyers — Weaker demand in India prompted gold dealers to offer discounts for a 2nd week straight, as a drop in local prices to 2-week lows and a festival-failed to lure buyers.
After 31 Top Defaulters Flee, India Seeks to Shut the Gates – Gold Silver Reports
Gold Silver Reports – After 31 Top Defaulters Flee, India Seeks to Shut the Gates — From London to St. Kitts, India’s struggling to extradite businessmen it claims have fled the country after defaulting on billions of dollars of bank loans. Now it hopes to stop others from leaving.
INDIA : Supreme Court Extends Deadline For Linking Aadhaar
Gold Silver Reports (GSR) – 💚💚💚💚💚 INDIA : Supreme Court Extends Deadline For Linking Aadhaar — The Supreme Court today extended all deadlines for linking Aadhaar to bank accounts, mobile phones and other services indefinitely, till a judgement is pronounced in the matter.
India Allows Telecom Firms More Time to Pay Spectrum Dues
Gold Silver Reports – India extended the time limit for payment of spectrum-related charges to the government in a move that will provide relief to telecom-operators hit by an intense pricewar spurred by a new entrant’s offer of free calls and lower data charges.
Trade War: U.S. Metal Tariffs’ Impact On India
India ranks ninth on the list of trading partners that run a trade surplus with the U.S.— it exports more to the U.S. than what it imports. China, Mexico and Japan lead the list and even Vietnam runs a higher surplus against the U.S. than India does, according to U.S. government data.