Essentially, interest is nothing more than the cost someone pays for the use of someone else’s money. In India, an individual willing to purchase a home uses bank’s money (through a mortgage) and in return pays interest to the bank for the privilege or the credit card user borrows money for the short term in order to [...]
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- Crude oil can also trade with weak bias but some short covering cannot be denied. Overall it can trade in range of 4900-5000 in MCX. 22 hours ago
- Copper may trade in range of 417-425 while Lead may trade in range of 107-109 and zinc in range of 105-107 in near term. 22 hours ago
- Gold can trade in range of 28850-29250 and silver can trade in range of 53600-54800 in near term. 22 hours ago
- Gold along with silver may open on mixed note as investors brace up for the key nonfarm payroll numbers and unemployment figures in US today 22 hours ago
- Sugar futures are likely to trade downside due to higher inventory and sluggish demand as monsoon season approaches. 22 hours ago
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