“The dollar index bounced back last week and has usually risen this week. That’s sort of offering some downward stress on gold prices,” said Fawad Razaqzada, analyst with ThinkMarkets. Sekhar said while there may be nothing objectionable about these firms, the valuations that Dalal Street is assigning to some of them is probably not reasonable sufficient to reward investors sooner or later. Last yr, RBI got here up with varied measures to tide over the economic influence of Covid-19. However, presently, it has solely restricted area to announce any big monetary stimulus packages, should such a requirement arise.
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