Rupee snapped four-day losses on dollar selling by foreign banks and on speculation that the government of India would adhere to its path of fiscal consolidation. The government had, earlier, set a fiscal deficit target of 3.5% for the current year and 3% for ... TopNews, 2 months ago
At a face value of 2,893 and interest payout of 2.5 per cent, sovereign gold bonds offer the best route to invest in the yellow metal, says Tinesh Bhasin. Investors who had put money in sovereign gold bonds (SGBs) in the past four issues would be sitting on losses at present. That's probably why the government has tried to sweeten the deal in the new tranche by offering a discount of 50. The new SGB has a face value of 2,893, a price that many analysts feel is attractive. The last ...Rediff.com, 1 month ago
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