Our base case remains that safe-haven demand should fade further, assuming that the US economy does not slip into recession. The bull case remains a recession as it should lead to a significant pick-up in safe-haven demand. Meanwhile, silver should continue to move in gold’s slipstream.
What RBI proposal for tighter project finance rules will mean for REC, PFC?
Anil Gupta of ICRA discusses the implications of RBI’s proposal for tighter project finance rules, focusing on provision requirements for projects seeking DCCO extension. The