The newest news, movies, and photographs on finance, business developments, cash, and more. Libor is an interest rate based mostly on quotes from banks on how much it will price to borrow cash from one another. It is a price reference for monetary contracts value greater than $300 trillion globally, from complicated derivatives to residence loans and bank cards. The fifth series (Series V) of Sovereign Gold Bonds scheme (SGBs) 2019-20 opened for subscription on Monday.
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Oil prices up as US-China trade talks loom, supply issues mount
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The subscription of SGB Series V will end on October 11 and the settlement date for the same is October 15. Stock news, finance alerts and extra.
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The rupee on Friday closed nearly flat at 70.88 against the US greenback after the Reserve Bank of India in a broadly anticipated move reduce key interest rates by 0.25 share level. The fairness market could commerce with a adverse bias in the brief-term, however the broader market will keep its positive bias within the lengthy-term, Vinod Nair of Geojit Financial Services says. The food business is being tested by shifting consumer tastes, new know-how and world trade disputes.