India FX Reserves, USD up to $353.53B from previous $353.07B

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Oct 23, 2015

PBOC cuts benchmark interest rate, Lending rate cut by 25 Bps

The People’s Bank of China (PBOC) cut its benchmark interest rate and lending rate by 25 basis points, a day after ECB’s Draghi hinted at more easing in December.

Gold spikes on China rate cut news

Gold prices spiked after the PBOC announced a rate cut a day after the ECB’s Draghi signaled more monetary easing in December.