Forex market interventions during surges in capital flows to contain the INR volatility lead to an increase in money supply or M3, which however is found to be neither inflationary nor elicit a policy rate response by the RBI, finds a research paper published by the Reserve Bank of India .
Gold prices rise for 4 consecutive sessions, gain by Rs 3,800. Check price prediction
Gold and silver futures surged, driven by Middle East tensions and a weakening dollar. Gold prices at MCX opened higher by Rs 635 at Rs