News

Golden Ten Data, June 4 — According to a survey by The Wall Street Journal, the Reserve Bank of India is likely to keep its policy repo rate unchanged at 5.25% on Friday. Out of 11 economists surveyed, 9 hold this view, while the remaining 2 expect the central bank to raise the repo rate by 25 basis points to 5.50%. ANZ economist Dhiraj Nim stated that since depreciation pressure on the rupee persists and inflation may surpass the central bank's 6% tolerance cap and remain high later this year, an interest rate hike might be reasonable at this time. However, Citi Research analysts noted that the Reserve Bank of India has previously indicated its willingness to wait for second-round inflation effects to materialize before taking action, and using interest rates to defend the currency would be a last resort. Bank of America economists stated that although reasons for a rate hike are accumulating, they believe there is currently no room to stabilize the rupee through a substantial rate hike.

According to Golden Ten Data on June 4, Agricultural Bank of China announced that due to increased volatility in the international precious metals market recently, the market risk of personal customer trading-related precious metals business has risen. In order to effectively protect investors' interests, the bank will adjust the margin ratio for Au (T+D) and Ag (T+D) contracts from 100% to 120%, starting from the close of settlement on June 5, 2026 (Friday).

BlockBeats News, June 4th, according to Bitget market data, the US stock pre-market semiconductor sector continued to decline, with Broadcom (AVGO.O) falling over 13%, Micron Technology (MU.O) falling 6%, AMD (AMD.O), Intel (INTC.O) falling 4%.