Silver prices have seen an 18% drop in the past two weeks, presenting a buying opportunity for investors. Analysts predict a potential 50% surge by next year, with prices consolidating before moving towards $75 per ounce. Supply constraints and increasing industrial demand are key drivers for this optimistic outlook.
RBL Bank plans to seek government approval to raise its foreign direct investment limit to 74% from 49%. This move is crucial for processing Emirates NBD Bank's $3 billion acquisition of a 60% stake, marking the largest FDI in Indian banking. Shareholder approval for the deal is expected on November 12.
Indian stock markets rose on Monday. Easing US-China trade tensions boosted investor confidence. Investors now await the US Federal Reserve's rate decision. The Nifty and Sensex saw gains, nearing record closing levels. Analysts expect the rally to continue. Mid and small-cap stocks also advanced. Foreign investors sold shares, while domestic investors bought.
