ICICI Prudential AMC’s CIO, S Naren, advises caution on gold investments, despite its current popularity, citing unattractive value compared to two years prior. He highlights low Indian 10-year government security rates relative to higher global yields. Naren suggests a diversified, conservative investment approach across multiple asset classes, while remaining optimistic about India’s macroeconomic stability.
Banks unlikely to reduce deposit rates despite RBI easing
Following the latest repo rate decrease, bankers foresee only slight adjustments to deposit rates. The landscape, characterized by sluggish savings yields and elevated credit-deposit ratios,