Moody’s changed India’s outlook to negative from stable while affirming India’s Baa2 ratings. Moody’s expects Indian government to face very significant constraints in narrowing general government budget deficit and preventing a rise in debt burden.
MCX Gold (Dec) futures added 0.64 per cent to Rs 37,814 while MCX Silver (Dec) futures were trading 0.43 per cent higher at Rs 44,357.