Central Banks
Gold rate today: MCX gold prices tank over ₹2,000 to below ₹1,54000 as fresh US-Iran tensions raise inflation woes
Gold prices on the MCX fell by 1.31% to ₹153,586 amid rising oil prices and inflation fears linked to US-Iran tensions. Global spot gold also declined, reflecting broader market weakness.
2 min read28 May 2026Eichengreen: Gold stack-ups by central banks reflect dismal prospects of globalization
Gold’s status as a hedge against uncertainty wobbled after war erupted in West Asia. Its price fell. Explanations abound for this anomaly, such as Turkey’s sell-off to defend its currency. But broadly, central bank purchases reflect the travails of globalization.
4 min read14 May 2026Brokers' forum seeks RBI relaxation on proprietary trade funding curbs
The brokers clarified to the RBI that proprietary traders don't speculate, but impart liquidity to the markets by offering two-way quotes—a buy quote for sellers, and a sell quote for buyers. This is akin to market-making.
2 min read6 May 2026Gold rate outlook: ASK Private Wealth's CIO Somnath Mukherjee turns neutral on gold after two years; here's why
ASK Private Wealth CIO Somnath Mukherjee has shifted his tactical view on gold from overweight to neutral, citing rising volatility and weakening predictive signals from traditional indicators.
2 min read28 Apr 2026BoJ policy decision Highlights: Bank of Japan keeps interest rate unchanged at 0.75%; 3 board members call for rate hike
BoJ policy decision Highlights: The Bank of Japan kept the short-term interest rate target unchanged at 0.75%. However, three in the nine-member board proposed hiking borrowing costs, signalling the bank's concern over inflationary pressures from the US-Iran war in the Middle East.
5 min read28 Apr 2026RBI brings offshore INR derivatives into reporting net to aid price discovery
The move addresses a long-standing blind spot in India’s derivatives market. While onshore OTC trades are already reported to CCIL, a significant portion of rupee-linked derivative activity takes place offshore and remains outside the reporting system.
3 min read27 Apr 2026RBI tightens rules to speed up inward cross-border payments
Under the new rules, banks must alert customers immediately and reconcile nostro accounts at least hourly to reduce delays in crediting foreign transfers.
2 min read9 Apr 2026Spare us the theatrics: An oil shock should prompt macro responses, not gimmicks
Energy conservation slogans that echo those of the 1970s oil shock should make us roll our eyes. America had plenty of well-meaning but ineffective campaigns back then. What ultimately matters is the macro policy response of governments and central banks.
3 min read17 Mar 2026Central banks could tilt hawkish as Middle East conflict fuels inflation risks
While it is uncertain how long the turbulence will last, some analysts are tempering expectations of monetary easing.
1 min read12 Mar 2026Wait for it…
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