The Reserve Bank of India (RBI) has announced the premature redemption price for the SGB 2021-22 Series VI, which was issued on September 7, 2021. In a statement, the RBI has said that investors in this gold bond series will be able to exercise the premature redemption option from September 7, 2026.
In early September, foreign portfolio investors pulled out Rs 7,443 crore from Indian equities after experiencing two months of net investments. This retreat was influenced by soaring crude oil prices and stable US bond yields, which dampened investor enthusiasm. Additionally, foreign entities maintained their selling spree in the Indian debt market. Future FPI movements will likely be determined by global factors such as bond yields and inflation statistics.
In a strategic maneuver amidst rising global tensions, the Netherlands has transferred part of its gold reserves to London, seeking more immediate access in times of crisis. The Dutch central bank cites London as a hub for the most liquid gold trading. This shift underscores a larger trend among central banks worldwide, which have been diversifying their gold holdings following the aftermath of the financial crisis.
Oil prices took a minor dip on Thursday following a turbulent trading day. Investors are closely monitoring the repercussions of the US-Iran strikes on oil supply lines. Activity in the Strait of Hormuz is currently lower than average. This disruption fosters worries regarding global oil availability and possible price hikes as countries explore alternative sources while depending on diminishing reserves.The Reserve Bank of India (RBI) has announced the premature redemption price for the SGB 2021-22 Series VI, which was issued on September 7,...
