India faces a year of high government debt supply. This could keep borrowing costs up in the bond market. Finance Minister Nirmala Sitharaman’s budget may increase gross borrowing significantly. Large debt maturities and state government issuance are pushing yields higher. This may add pressure to the economy. The Reserve Bank of India is injecting liquidity.
Gold’s blistering rally continues past $5,200 as dollar plunges to 4-year low
Gold prices soared past $5,200 for the first time, driven by a plunging dollar and geopolitical anxieties. The precious metal’s surge, up over 20% this