Gold slides as U.S. inflation data boosts rate-hike bets https://ift.tt/LxJCR1S Fed is seen delivering another large rate hike in three weeks' time and ultimately lifting rates to 4.75%-5% by early next year, if not further, after the inflation report. Although traditionally considered an inflation hedge, interest rate hikes to combat soaring prices have reduced bullion's appeal since it yields no interest.
NSE IFSC-SGX Connect may be fully operational by June https://ift.tt/XC89Iks this connectivity, global investors who are clients of SGX will be able to trade in Indian derivatives market remotely without having to set up a shop in India. Currently, only a few trades are being executed through the route.
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