Indian Oil Corporation (IOC) has withdrawn its bond issue despite strong investor interest, anticipating better pricing due to increased liquidity from the RBI’s recent policy rate cut and CRR reduction. The issue, which received bids of ₹9,830 crore, was pulled as IOC seeks a narrower spread over government bond yields, following a similar move by PFC earlier in the week.
Silver hits $60 per ounce for first time, gold rises ahead of Fed rate decision
Gold prices edged higher as traders anticipated the U.S. Federal Reserve’s interest rate decision. Meanwhile, silver surged to an all-time high of over $60 per