Rate Hike

Slowing US inflation lifts hope for smaller Federal Reserve rate hike

As consumer inflation rocketed to decades-high levels last year, the Federal Reserve raised rates seven times in an aggressive campaign to cool the world's biggest economy and lower costs

Unity Small Finance Bank offers 9% interest to senior citizens on fixed deposits for these tenures; check

"For premature withdrawal of fixed deposit, interest rate payable would be corresponding FD rate minus 1.00% for the tenor for which the deposit has actually run," according to Unity Small Finance Bank's website.

HDFC Bank hikes interest rates on fixed deposits below Rs 2 crore; check updated rates here

Senior citizens above the age of 60 years, will get 50 bps additional interest over the standard rate on deposits maturing in 7 days to 5 years

European Central Bank poised for bumper rate hike to tame soaring inflation

Eurozone inflation hit 9.1 per cent in August, a record in the history of the single currency and well above the two-per cent rate targeted by the ECB

US Federal Reserve unleashes another big rate hike in bid to curb inflation

The central bank's decision follows a jump in inflation to 9.1 per cent, the fastest annual rate in 41 years, and reflects its strenuous efforts to slow price gains across the economy

Rate hike wasn't surprising, timing was, says Finance Minister Nirmala Sitharaman

The timing of RBI's rate hike came as a surprise but not the action itself as people thought it should have been done anyway

India's GDP to grow at 7.4% in 2022-2023, says Ficci Economic Outlook Survey

The RBI is expected to continue supporting the ongoing economic recovery by keeping the repo rate unchanged in its April policy review, the survey said

RBI's monetary policy committee sounds cautious on inflation, prefers to wait for more data to decide interest rate outlook

India’s November headline inflation fell to its lowest in 17 months, to 2.33 percent, well below the RBI’s medium-term target of 4 percent.

RBI likely to hold interest rates steady as inflation, growth soften; to continue liquidity infusion

Intense government pressure on the RBI to remove some major curbs on lending ahead of the election also means it is likely to take a more dovish stance.

Rupee hits record low as oil prices rise, stocks, bonds weaken; markets in panic over expected RBI rate hike

The partially convertible rupee hit a life low of 73.82 per dollar before recovering to 73.62/63 by 0710 GMT. It had closed at 73.3350 on Wednesday.