The RBI allowed the currency to move both ways, with minimal intervention. There were also flows into the Indian bond market in anticipation of a rate cut on February 7, but dollar demand from foreign banks offset the gains,” said a bond dealer at a private bank.
Gold heads for sharpest weekly decline in four months on Fed rate outlook
Gold prices took a hit on Friday amid strong indicators of US economic growth and climbing oil prices. Spot gold prices sank to their lowest