Interest Rates

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. 

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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.

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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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Asian markets slip as Fed rate hike worries sour sentiment

Thu, Feb 22, 2018

Most Asian share markets followed S&P 500 futures lower on Thursday as speculation of faster hikes in U.S interest rates soured risk appetite globally.

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Next bear market will trigger from some place we’re not watching: Jim Rogers

Tue, Feb 06, 2018

Jim Rogers also said the next meltdown may surprise us all, originating from some place we are not looking into.

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US Fed leaves rates unchanged, sees inflation rising this year

Thu, Feb 01, 2018

Citing solid gains in employment, household spending and capital investment, the Fed said it expected the economy to expand at a moderate pace

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Fed expected to keep interest rates steady as Yellen era ends

Wed, Jan 31, 2018

Investors will focus on the US central bank`s gauge of inflation, which remains stubbornly below its 2 percent target, the risks it sees to its economic outlook, and any assessment of the impact of the Trump administration`s tax overhaul on growth.

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Gold climbs back towards 17-month peak as dollar slips

Fri, Jan 26, 2018

Dollar weakness tends to benefit assets priced in the U.S. unit, which become more affordable for holders of other currencies, while ultra-low interest rates cut the opportunity cost of holding non-yielding bullion.  

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BOJ keeps policy unchanged, slightly more upbeat on inflation outlook

Tue, Jan 23, 2018

As widely expected, the BOJ maintained a pledge to guide short-term interest rates at minus 0.1 percent and 10-year bond yields around zero percent at its two-day rate review that ended on Tuesday.  

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PNB hikes interest on term deposits by up to 1.25%

Sun, Dec 31, 2017

Public sector Punjab National Bank today announced raising interest rates by up to 1.25 per cent on domestic term deposits of up to Rs 10 crore for different tenures, effective January 1, 2018.

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Global Markets: Asian shares rise amid US tax cut hopes; China in focus

Mon, Dec 18, 2017

Global stock markets have surged this year, largely led by expectations of a US tax overhaul. The reform is seen boosting corporate profits, triggering share buybacks and higher dividend payouts - a boon for shareholders.

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US stocks tick down after Fed hikes rates

Fri, Dec 15, 2017

US stocks reversed early gains to end lower as investors continued to digest the Federal Reserve`s decision to raise interest rates for the third time in 2017.

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RBI holds repo rate at 6%; here's what experts have to say

Wed, Dec 06, 2017

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RBI expected to hold key interest rate on Wednesday

Mon, Dec 04, 2017

The central bank had earlier, in August reduced the repo, or its repurchase rate by 0.25 percentage points to six per cent.

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EPF subscribers may get lower interest rates, govt to decide on November 23

Fri, Nov 10, 2017

Provident fund subscribers may get lower interest rates at higher returns for FY18.

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Indian markets open higher on RBI refusing to cut interest rates

Thu, Oct 05, 2017

Sensex of the BSE, which had closed at 31,671.71 points on Wednesday, opened higher at 31,725.85 points.

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RBI chooses inflation over growth, keeps repo rate unchanged

Wed, Oct 04, 2017

RBI has decided to keep key rates unchanged during its bi-monthly monetary policy meeting in Mumbai on October 4, 2017. RBI also revised GVA growth downwards to 6.7% from its earlier projection of 7.3%. 

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India August inflation seen at 5-month high on rising food costs: Reuters poll

Mon, Sep 11, 2017

India`s retail inflation is expected to have picked up to a five-month high in August, largely driven by higher food costs, a Reuters poll showed, easing pressure on the Reserve Bank of India (RBI) to cut interest rates again after poor growth data.

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India Inc calls for strengthening policy reforms, job creation

Tue, Aug 15, 2017

Prime Minister Narendra Modi, in his Independence Day speech from the ramparts of the Red Fort, has "outlined a vision of a secure, prosperous and capable nation by 2022".

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July wholesale inflation rises to 1.88%

Mon, Aug 14, 2017

Analysts expected WPI inflation to rise in July 2017 as prices picked up in the month. However, WPI continues to be well below the Reserve Bank of India's (RBI) target. The central bank expects retail inflation could accelerate to 3.5% to 4.5% in October-December.

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SBI rate cut: Here are 11 banks who continue to offer higher savings interest rates

Tue, Aug 01, 2017

With State Bank of India (SBI) announcing the revision of interest rates on savings account for balances of Rs 1 crore and below, other banks likely to follow suit.

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SBI slashes deposit rates for bank balances lower than Rs 1 crore

Mon, Jul 31, 2017

For saving deposit balance up to Rs 1 crore, the new interest rate would be 3.5%, State Bank of India said. 

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Gold dips as Fed minutes signal no consensus on rate hikes

Thu, Jul 06, 2017

Gold edged back towards the previous day`s two-month low on Thursday, but remained hemmed into its recent narrow range after minutes from the U.S. Federal Reserve`s latest monetary policy meeting showed no consensus on the likely pace of interest rate hikes.

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