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Market move▲ Bullish for Indian equities
High gold prices offer jewellers a silver lining this festive season
The brief
- High gold prices are pushing middle-class buyers towards silver jewellery this festive season
- Higher silver demand may benefit Indian silver-jewellery retailers
- Banks may deploy FCNR(B) liquidity as festive-season credit demand rises
- India cuts import duties on edible oils to ease prices ahead of festivals