Savings Effect

Daily Voice: US-Iran deal eases oil shock, but Axis MF says Indian markets still have three big tests

COMEX #gold surged over 2%, while #silver jumped 3.5% as a weaker dollar and falling #oil prices boosted sentiment.

India’s May trade deficit nearly flat at $28.21 billion as exports hit record high -India's May trade deficit steady at $28.21 billion -Exports hit record $45.20 billion, up 18 percent year-on-year -Imports rose 20.6 percent to $73.41 billion in May

FM Nirmala Sitharaman said there will be more steps to attract foreign capital into the Indian market, saying recent measures announced for the bond market were only the beginning of a broader effort to draw overseas investments. “We recognise we need more foreign capital to come in. But the fact that RBI has now allowed public sector undertakings and banks to go out and raise money from outside… certainly, that’s not the end of the story. We will be doing more,” she said.

Hedge funds reopen pre-war playbook as Iran war risks recede

Gold, silver rally up to 3.5% on US-Iran peace deal: Muthoot Finance jumps 4%, Hindustan Zinc gains 3% The rally came after gold prices surged more than 2% in international markets

India bond yields drop after US-Iran ceasefire sends Brent near $83 The benchmark 10-year bond yield was trading at 6.8527 percent on June 15