Gold Silver Reports — Pacific Investment Management Co. says the growth trajectory and financial health of India’s economy will support rupee bonds regardless of who helms the central bank. That may soon be someone other than Governor Raghuram Rajan after a newspaper report said he’s not seeking a 2nd term.
Gold Silver Reports → India’s central bank lowered its key interest rate for the first time in six months and said it would look for more room to ease as it watches monsoon rains.
Gold Silver Reports → India’s central bank Governor Raghuram Rajan on Thursday allayed fears about the health of the global banking system, saying lenders are in a good position and well-capitalized to weather the current turmoil in the world economy.