Interest Rates

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Interest Rates - Total results - 412
Gold extends gains as coronavirus prompts Fed rate cut to cushion economic impact from epidemic
Business

Gold extends gains as coronavirus prompts Fed rate cut to cushion economic impact from epidemic

Spot gold climbed 0.3 percent to $1,643.76 per ounce, having registered its biggest one-day percentage gain since 2016 on Tuesday.

Global funds cut equity exposure in February, suggest increase in bond holdings instead over fears of coronavirus risk: Report
Business

Global funds cut equity exposure in February, suggest increase in bond holdings instead over fears of coronavirus risk: Report

The findings come as major indexes on Wall Street look set for their steepest weekly plunge since the global financial crisis more than a decade ago, as rising numbers of new coronavirus infections outside China increase fears of a pandemic.

Gold eases from 7-year high, but coronavirus fears limit losses; further escalation in epidemic likely to propel market higher
Business

Gold eases from 7-year high, but coronavirus fears limit losses; further escalation in epidemic likely to propel market higher

Spot gold was down 0.2 percent to $1,657.40 per ounce, after declining 1 percent earlier in the session. On Monday, the metal rose as much as 2.8 percent to its highest since January 2013 at $1,688.66.

RBI rate committee torn between growth concerns, inflation fears; says timing of any cuts would be critical
Business

RBI rate committee torn between growth concerns, inflation fears; says timing of any cuts would be critical

The MPC kept rates on hold as expected on 6 February while also retaining its accommodative monetary policy stance as long as it was necessary to revive growth

Bank of Baroda cuts MCLR by up to 10 bps effective 12 February; home, auto loans to become cheaper
Business

Bank of Baroda cuts MCLR by up to 10 bps effective 12 February; home, auto loans to become cheaper

State-owned Bank of Baroda on Monday announced cut in its marginal cost of funds-based lending rates (MCLR) by up to 10 basis points, effective 12 February

Retail inflation likely hit near six-year high at 7.40% in January, says poll; official data to be out on 12 February
Business

Retail inflation likely hit near six-year high at 7.40% in January, says poll; official data to be out on 12 February

Indian retail inflation likely rose to a near six-year peak in January as food prices stayed high, according to a small majority of economists in a <em>Reuters</em> poll, which may persuade the Reserve Bank of India (RBI) to keep interest rates on hold in the coming months

SBI slashes interest on FDs from today; here are latest rates of various fixed deposit products of PSB
Business

SBI slashes interest on FDs from today; here are latest rates of various fixed deposit products of PSB

For the FDs maturing between 46 and 179 days, the interest rate has been slashed BY 50 bps. Now, these deposits will fetch an interest rate of 5 percent.

Rupee slips 19 paise to 71.47 against dollar in early trade on weak opening in domestic equities; falling oil prices support local unit
Business

Rupee slips 19 paise to 71.47 against dollar in early trade on weak opening in domestic equities; falling oil prices support local unit

The rupee opened weak at 71.39 at the interbank forex market and then fell further to 71.47, down 19 paise over its last close.

Gold prices inch down as markets eye ECB decision; traders remain anxious after virus outbreak in China
Business

Gold prices inch down as markets eye ECB decision; traders remain anxious after virus outbreak in China

Traders remained anxious about the spread of the virus as China gears up to celebrate the Lunar New Year from this weekend, a peak period for travel and gold demand in the region.

Small savings schemes: Govt keeps interest rates unchanged for January-March quarter
Business

Small savings schemes: Govt keeps interest rates unchanged for January-March quarter

The government on Tuesday kept the interest rates on small savings schemes, including NSC and PPF, unchanged for the fourth quarter of 2019-20 despite moderating bank deposit rates

RBI sees room for rate cuts to arrest further weakening in growth; awaits clarity on inflation, minutes show
Business

RBI sees room for rate cuts to arrest further weakening in growth; awaits clarity on inflation, minutes show

The RBI’s monetary policy committee (MPC) unanimously voted to keep the rate at 5.15 percent

Fed holds interest rates steady in final policy meeting of tumultuous year; signals borrowing costs will not change anytime soon
Business

Fed holds interest rates steady in final policy meeting of tumultuous year; signals borrowing costs will not change anytime soon

The policy decision left the Fed’s benchmark overnight lending rate in its current target range between 1.50% and 1.75%, three-quarters of a percentage point below where it started the year

RBI Monetary Policy 2019 Updates: Forensic audit on PMC Bank scam expected by month-end, says Shaktikanta Das
Business

RBI Monetary Policy 2019 Updates: Forensic audit on PMC Bank scam expected by month-end, says Shaktikanta Das

If the Reserve Bank of India (RBI) cuts the repo rate today, it would be the sixth reduction in the short-term lending rate this financial year.

HDFC trims lending rate by 10 basis points; move will bring down interest rates for borrowers
Business

HDFC trims lending rate by 10 basis points; move will bring down interest rates for borrowers

The new rate will be effective from 15 October, HDFC said in a statement.

Half dozen public sector banks cut lending rates by up to 25 bps; home, auto loans to become cheaper
Business

Half dozen public sector banks cut lending rates by up to 25 bps; home, auto loans to become cheaper

About half a dozen public sector banks, including Bank of India, Oriental Bank of Commerce and Bank of Maharashtra, have reduced lending rates by up to 25 basis points following a cut in the key policy repo rate by the RBI last month

SBI cuts savings bank account interest rate by 25 bps to 3.25%, slashes fixed deposits rates by up to 30 bps
Business

SBI cuts savings bank account interest rate by 25 bps to 3.25%, slashes fixed deposits rates by up to 30 bps

In view of the adequate liquidity in the system, the State Bank Group on Wednesday revised interest rate on savings bank deposits (with balances up to Rs 1 lakh) from 3.50 percent to 3.25 percent effective 1 November

SBI cuts lending rates by 10 bps, new rates to be effective from tomorrow; rate reduction not applicable to repo-linked loans
Business

SBI cuts lending rates by 10 bps, new rates to be effective from tomorrow; rate reduction not applicable to repo-linked loans

State Bank of India (SBI) on Wednesday announced reduction in its marginal cost of fund-based lending (MCLR) rate by 10 basis points across all tenors, effective 10 October

RBI cuts repo rate by 25 bps to 5.15%: Central bank goes with the tide but reduction in interest rate cannot ensure pick-up in credit
Business

RBI cuts repo rate by 25 bps to 5.15%: Central bank goes with the tide but reduction in interest rate cannot ensure pick-up in credit

The most important takeaway from the RBI policy statement is the revision in GDP growth number from 6.9% to 6.1% for FY20

RBI Monetary Policy Updates: Efforts on to ensure another large NBFC does not default, says governor Shaktikanta Das
Business

RBI Monetary Policy Updates: Efforts on to ensure another large NBFC does not default, says governor Shaktikanta Das

RBI MPC LATEST Updates: RBI governor Shaktikanta Das has said that efforts are on to ensure that another large non-banking finance company (NBFC) does not default.

Housing, auto loans may become cheaper from tomorrow as banks to link interest rates to external benchmark
Business

Housing, auto loans may become cheaper from tomorrow as banks to link interest rates to external benchmark

The RBI had on 4 September said that the lenders must link all new floating-rate loans for housing, auto and MSMEs with external benchmark like repo from 1 October.