Silver prices showed a stellar rally on Thursday up to their highest level in a decade on the back of China’s stimulus measures amid desperate attempts by the world’s largest consumer of white metal to shore up its economic growth. However, industrial sector demand remained a concern.
RBI eases restrictions on cash credit accounts, eases current account norms
The Reserve Bank of India has lifted all restrictions on banks opening and maintaining cash credit accounts, offering greater flexibility for short-term working capital loans.