4/18/2012 11:01:00 AM
Your Advisor
Silver & gold both are in rang bound, we are suggest selling stratefy for both precious metals. Copper showing some buying signal from the level of 417-18. Lead also seems good for buy at the level of 107.8.
GOLD EDGES HIGHER AS SPANISH BILL SALE LIFTS EURO.
COPPER STEADIES AFTER FALL; SUPPLY IN SPOTLIGHT.
OIL SLIPS TOWARDS $118 ON EURO ZONE WORRIES.
INDIAN SPICES UP ON SHORT COVERING.
In its annual monetary policy, the central bank asked banks to reduce exposure to any single gold loan NBFC from the existing 10% to 7.5% of their capital funds. The RBI stated that the “rapid” business growth of such NBFCs “has inherent concentration risk”. NBFCs appeared unperturbed by the RBI move.
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GOLD EDGES HIGHER AS SPANISH BILL SALE LIFTS EURO.
COPPER STEADIES AFTER FALL; SUPPLY IN SPOTLIGHT.
OIL SLIPS TOWARDS $118 ON EURO ZONE WORRIES.
INDIAN SPICES UP ON SHORT COVERING.
Commodity News
In a surprise move, the Reserve Bank of India has tightened its grip on non-banking finance companies (NBFCs) that extend the so-called ‘gold loans’ exceeding 50% of their financial assets. Such NBFCs typically keep customers’ gold as collateral.In its annual monetary policy, the central bank asked banks to reduce exposure to any single gold loan NBFC from the existing 10% to 7.5% of their capital funds. The RBI stated that the “rapid” business growth of such NBFCs “has inherent concentration risk”. NBFCs appeared unperturbed by the RBI move.
Fill Form & Get All Commodity tips on mobile. Silver Tps, Live gold Trend, Copper Updates. Or Click Here
