The Reserve Bank of India, the pilot for the wholesale use of the digital rupee will start on Tuesday. The trial would involve using the digital rupee to settle secondary trades in government securities, which should improve the efficiency of the interbank market. Settlement in central bank money would lower transaction costs by avoiding the…
Gold rose in Asia on Wednesday morning, with the US gaining ground. As investors wait for the Federal Reserve’s latest policy decision, the key psychology is close to $ 1,800. Gold futures rose 0.36% to $ 1,806.35. The dollar rose on Wednesday but was below the three-and-a-half-month high reached in the previous week. The central…
Gold in Asia rose to a two-week high on Tuesday morning. A weaker dollar gave a boost to the yellow metal, and the US. Investors are waiting for the Federal Reserve to release minutes from its latest policy meeting. Gold futures rose 0.80% to $ 1,797.65 on Friday, June 18. The dollar, which normally moves…
