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, 1 month 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, 2 weeks ago
'Everyone is still trying to understand the quantum of impact demonetisation will have on the economy.'Tinesh Bhasin reports.Illustration: Uttam Ghosh/Rediff.com Brace yourself for moderate returns on investments this year, as the impact of demonetisation will continue to resonate across asset classes. On the brighter side, your real returns could still be adequate if the inflation rate declines below five per cent. "This is not going to be a year of big returns for investors. The next quarter ...Rediff.com, 2 months ago
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