Month: February 2024
Market Perspective
Market Perspective
Gold Struggling to Break Through the
2060 Level
Gold had set a high of US$ 2080 in the last two months, and in the last one month it has been struggling to break through the US$ 2060 level. The price is reluctant to come down and has made abase around 2020 levels. It is remaining in a narrow range mainly due to the […]
Brent Likely to be Range-Bound
Brent has been in a narrow range of US$ 76 to US$ 82 per barrel. This behaviour in prices stems from the lack of any fresh triggers for the prices to move either way. One of the potential triggers would have been the Middle East situation which seems to have subsided in its intensity, and […]
RBI Policy: Status Quo Maintained
The RBI decided to maintain status quo on the rates front and continue with its stance of withdrawal of accommodation to progressively achieve its inflation target of 4%, while supporting growth. While there were no expectations on the rate front, there were some market participants expecting a change in stance from the current one of […]
Interim Budget – A Glimpse of things to come…
The Interim Budget or the Vote-on-Account presented by the Finance Minister, reflects a significant amount of continuity, and the commitment to continue with several welfare measures benefitting the diverse strata of society, especially the poor, youth, women, and farmers. The projected government borrowing program for FY25 is lower than the FY24 numbers. The gross borrowing […]
