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Interest Rates

BoE cuts benchmark rate by 25 bps; all eyes on Fed

BoE cuts benchmark rate by 25 bps; all eyes on Fed

Thu, Nov 07, 2024

Bank of England (BoE), the UK's central bank, on Thursday cut its key lending rate by 25 basis points, or 0.25 per cent percentage point.

Home Loan EMI vs SIP Investment: Which is Better for Rs 60 Lakh Over 25 Years?

Home Loan EMI vs SIP Investment: Which is Better for Rs 60 Lakh Over 25 Years?

Tue, Oct 29, 2024

When a borrower repays a home loan, they pay higher interest than the principal amount because such loans are of high amounts and have long durations. But if they go for a higher EMI, the interest amount can be reduced considerably. The other option to recover the interest paid is to have a mutual fund SIP investment.

What senior citizens can get on Rs 6 lakh, Rs 12 lakh and Rs 18 lakh investment in Amrit Vrishti FDs

What senior citizens can get on Rs 6 lakh, Rs 12 lakh and Rs 18 lakh investment in Amrit Vrishti FDs

Mon, Oct 21, 2024

SBI Senior Citizen FD Updated Interest Rates: State Bank of India (SBI) offers its highest interest rate to senior citizens in its 444-day Amrit Vrishti special FD at 7.75 per cent. Senior citizens get the interest rate of 7.30 per cent in 1-year FD, 7.25 per cent in 3-year FD, and 7.50 per cent in the 5-year FD.

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US Fed set to hike rates, policy outlook now hinges on Trump presidency

US Fed set to hike rates, policy outlook now hinges on Trump presidency

Wed, Dec 14, 2016

Trump has not yet taken office, and any proposals would have to clear a Republican-controlled Congress that may be stricter about increasing public debt than Trump. In recent public appearances some Fed officials have said they see a chance Trump`s policies may force them to speed the pace of rate increases, yet also said they are hesitant to change their outlook before he shares more details.

Headed Home: Workers abandon building sites after cash crackdown

Headed Home: Workers abandon building sites after cash crackdown

Mon, Dec 12, 2016

Hundreds of thousands of construction workers have returned home since Prime Minister Narendra Modi abolished high-denomination banknotes, leaving some building sites across the country facing costly delays.

Big banks in US could see fat payday under Donald Trump

Big banks in US could see fat payday under Donald Trump

Sun, Dec 11, 2016

After eight years of unrelenting scrutiny and billions of dollars in legal settlements, the banking industry suddenly is facing a more hospitable political climate in Washington next year.

Australia's economy slows 0.5% in September quarter as government spending falls

Australia's economy slows 0.5% in September quarter as government spending falls

Wed, Dec 07, 2016

Australia`s economy contracted for just the fourth quarter in 25 years, official data showed on Wednesday, slowing the annual growth rate to 1.8% amid weaker government and consumer spending on top of softer trade figures.

Interest, tax rates to go down post demonetisation: Arjun Ram Meghwal

Interest, tax rates to go down post demonetisation: Arjun Ram Meghwal

Sun, Dec 04, 2016

The rates of interest and tax will soon come down mainly due to the demonetisation drive of the government, Minister of State for Finance Arjun Ram Meghwal said on Saturday. "Interest rates and tax rates will soon decrease (after the demonetisation step)," Meghwal said.

US jobless rate falls to nine-year low, payrolls rise

US jobless rate falls to nine-year low, payrolls rise

Sat, Dec 03, 2016

The US unemployment rate fell to a nine-year low of 4.6% in November, as employers added another 178,000 jobs, making it almost certain that the US Federal Reserve will raise interest rates later this month.

Demonetisation: SBI cuts bulk deposit rates by up to 1.9%

Demonetisation: SBI cuts bulk deposit rates by up to 1.9%

Thu, Nov 24, 2016

Days after Prime Minister Narendra Modi signalled that rates are on the way down, State Bank of India (SBI) on Wednesday slashed bulk deposit rates by up to 1.9% taking advantage of the surge in deposits following demonetisation.

Stranded trucks, unpaid workers: India Inc counts cost of cash crunch

Stranded trucks, unpaid workers: India Inc counts cost of cash crunch

Mon, Nov 21, 2016

The government has acknowledged that the disruption would last weeks because of delays in note printing and technical problems with ATM machines, but Modi has made a plea for patience until Dec. 30. The government said it could not have printed new notes or recalibrated cash machines in advance for fear of the move leaking out.

Axis Bank sees reduction in lending rates post demonetisation

Axis Bank sees reduction in lending rates post demonetisation

Sun, Nov 13, 2016

Domestic ratings agency Icra has said that it expects a 0.03-0.10 per cent dip in the cost of deposits in the near to medium term because of the surge. This reduction can be passed on to borrowers through a cut in the marginal cost of funding based lending rate.

Asia stocks, dollar wrestle with US election risk

Asia stocks, dollar wrestle with US election risk

Thu, Nov 03, 2016

Asia shares joined the US dollar on the defensive on Thursday as the nail-biting US presidential race saw the S&P 500 suffer its longest losing streak in five years as investors sailed to safer harbours.

Gold hits 1-month high as investors worry over US election

Gold hits 1-month high as investors worry over US election

Wed, Nov 02, 2016

Gold hit a one-month high on Wednesday as investors grew more concerned over the global economic outlook and started looking for safe-haven assets on signs the US presidential election race was tightening.

Consumer demand may soar by 40% this festive season: Report

Consumer demand may soar by 40% this festive season: Report

Sun, Oct 16, 2016

Rural demand is adding to the festive fervour, as good monsoon has boosted confidence among the farmers and farm labour.

Chart of the day: Retail Inflation

Chart of the day: Retail Inflation

Thu, Oct 13, 2016

A Bloomberg poll predicts that retail inflation may have fallen to 4.60% in September 2016.

SBI says 'consistently' passed on RBI's rate cut to borrowers

SBI says 'consistently' passed on RBI's rate cut to borrowers

Mon, Oct 10, 2016

"Of the 175 bps (1.75 per cent) cut that the Reserve Bank (RBI) has done, we as a bank have passed on 95 bps (0.95 per cent). More will get passed on in the near term rather than in the longer term," Bhattacharya said in an interview to CNBC TV18.

Banks begin reducing MCLRs; what does this mean for your EMIs?

Banks begin reducing MCLRs; what does this mean for your EMIs?

Thu, Oct 06, 2016

The Reserve Bank of India (RBI) reduced interest rate by 25 basis points on Tuesday in a bid to make borrowings cheaper. It seems that banks in India have begun following the lead. First it was India's one of the largest private sector banks, ICICI Bank that reduced MCLR.

RBI may have softened stand on 4% inflation target to kickstart economy

RBI may have softened stand on 4% inflation target to kickstart economy

Tue, Oct 04, 2016

Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) has decided to cut repo rate by 25 basis points giving the markets and India Inc a reason to cheer.

Gold holds losses on firm dollar after positive US data

Gold holds losses on firm dollar after positive US data

Tue, Oct 04, 2016

Gold held on to losses early on Tuesday, after falling slightly in the previous session, on a firmer dollar after an upbeat US economic data. Fundamentals

India's manufacturing index eases in Sept; RBI may cut rates: Survey

India's manufacturing index eases in Sept; RBI may cut rates: Survey

Mon, Oct 03, 2016

The growth of India's manufacturing industry eased in September with decline in growth of new orders, while weak inflationary rates may prompt RBI to cut rates in the upcoming monetary policy meet, according to a latest survey.

Tata Motors sales up 8% to 48,648 units in September

Tata Motors sales up 8% to 48,648 units in September

Sun, Oct 02, 2016

Tata Motors on Saturday reported an 8% increase in total sales at 48,648 units in September. The company sold 45,215 units in the same month last year.

RBI Governor Urjit Patel & MPC panel face close call on interest rates

RBI Governor Urjit Patel & MPC panel face close call on interest rates

Fri, Sep 30, 2016

A month into the job, India's new central bank governor will on Monday and Tuesday chair his maiden policy review, which for the first time will see a committee set interest rates, though views are divided on whether there will be any change this time round.

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