“As long as the Mumbai Interbank Forward Offer Rate (MIFOR) conditions are favourable, I think it will be conducive for NBFCs to raise dollar funding,” said Anudeep Ganguli, chief treasury officer, Credit Saison India. “Not too many banks have reduced their MCLR, so until that happens, ECB will still be in favour with NBFCs. Even a 50 basis point cut in the MCLR will still make the ECB more favourable.”
Gold below Rs 1.5 lakh, silver down Rs 2,000 on dollar strength, Trump’s power plant threat to Iran. What should investors do?
Gold and silver prices dipped on Monday amid a stronger dollar and escalating Middle East tensions, dampening hopes for U.S. Federal Reserve rate cuts. Traders
April 6, 2026