Silver prices in the domestic market are at lifetime highs amid multiple catalysts like safe-haven demand due to escalating geopolitical tensions, hopes of US interest rate cuts, speculative buying, and a sharp rally in industrial metals. Historically, silver and gold, both considered precious metals, are often influenced by similar market conditions. Due to this similarity, both can exhibit similar price movements, with silver prices often following the trends of gold prices.
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India’s foreign exchange regime is under fire from the IMF. The reclassification to a ‘stable’ exchange rate regime has implications for the RBI’s actions and India’s economy. This article explores the potential impact on markets and discusses whether the IMF’s view matters to RBI’s forex policy framework.
