In May 2024, the Reserve Bank of India reported a marginal decline in weighted average lending rates on fresh loans and deposits by 16 and one basis points, respectively. The WALR on fresh rupee loans fell to 9.39%, while the WADTDR on fresh term deposits dropped to 6.47%.
Gold edges down on stronger dollar, easing tariff concerns
Gold prices experienced a slight dip due to receding concerns about a global tariff war and a stronger U.S. dollar. Investors are keenly awaiting the