Gold and silver ETFs together constitute 71.9% of total passive fund flows of Rs 19,057 crore, highlighting investors’ growing preference for precious metals as a portfolio diversifier amid global market volatility, according to a monthly note by the Association of Mutual Funds in India (AMFI).
Banks unlikely to reduce deposit rates despite RBI easing
Following the latest repo rate decrease, bankers foresee only slight adjustments to deposit rates. The landscape, characterized by sluggish savings yields and elevated credit-deposit ratios,