Wednesday, February 5

Tag: interest rate

RBI: RBI to retain 6.5 pc interest rate as economic growth comfortable, inflation in check: Experts
3Dec By adminNo Comments
Business

RBI: RBI to retain 6.5 pc interest rate as economic growth comfortable, inflation in check: Experts

MUMBAI: The Reserve Bank is likely to maintain the status quo on the short-term interest rate in its monetary policy review later this week, with inflation staying in comfort zone and economic growth moving at an accelerated pace, opined experts. The RBIhas left the benchmark policy rate (repo) unchanged in its past four bi-monthly monetary policies.The RBI had last increased the repo rate In February to 6.5 per cent, thus ending the interest rate hiking spree which began in May 2022 in the aftermath of Russia-Ukraine war and subsequent disruptions in the global supply chain resulting in high inflation in the country. RBI Governor Shaktikanta Das-headed Monetary Policy Committee (MPC) is scheduled to begin its three-day deliberations on December 6. Das would unveil the decision of the six...
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The Federal Reserve at War
1Nov By adminNo Comments
Health

The Federal Reserve at War

Monetary policy officials are hinting to financial markets that the Federal Reserve will stop raising interest rates—even as the Fed signals that it is too early to declare victory over inflation. Wary investors can only speculate, while market analysts are happy to guess the Fed’s next move.Before the Fed announces its latest interest-rate decision on Wednesday, we should recognize that dramatic shifts in monetary policy that affect financial outcomes far into the future aren’t predictable. They occur when unexpected financial events force unanticipated actions.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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RBI likely to keep interest rate unchanged as inflation still high: Experts
24Sep By adminNo Comments
Business

RBI likely to keep interest rate unchanged as inflation still high: Experts

The Reserve Bank is likely to maintain status quo on policy rates for the fourth time in a row at its bi-monthly monetary policy review meeting early next month, as retail inflation continues to remain high and the US Federal Reserve has decided to keep a hawkish stance for some more time, according to experts. The Reserve Bank had raised the benchmark repo rate to 6.5 per cent on February 8, 2023 and since then it has retained the rates at the same level in view of the stubbornly high retail inflation and certain global factors including elevated crude oil prices in the international market. The Reserve Bank Governor-headed six-member Monetary Policy Committee (MPC) meeting is scheduled for October 4-6, 2023. The last meeting of the MPC, the highest rating-setting pa...
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Interest Rate: JP Morgan to add India G-Secs to its emerging market bond index
23Sep By adminNo Comments
Business

Interest Rate: JP Morgan to add India G-Secs to its emerging market bond index

MUMBAI: Global financial services major JP Morgan has decided to include Indian government securities (G-Secs) in its emerging market bond index, a move seen to boost dollar inflows into the country and bring down the rate of interest.This is the first time Indian G-Secs have been added to a major global bond index.JP Morgan on Friday said India's G-Secs will be incorporated in three of its bond indices consisting of similar instruments issued by the governments of emerging markets like China and Indonesia from June 28, 2024. Beginning with 1%, the weightage of Indian G-Secs would rise to a maximum of 10% over the 10 months until March 2025.Since the index is widely followed by global bond fund managers, estimates say $40-45 billion funds could flow into India between June 2024 and March ...
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Bank FD: SBI Vs PNB Vs HDFC Bank; Check Detailed Comparison of Latest Fixed Deposit Interest Rates
16Sep By adminNo Comments
Business

Bank FD: SBI Vs PNB Vs HDFC Bank; Check Detailed Comparison of Latest Fixed Deposit Interest Rates

Reported By: Mohammad HarisLast Updated: September 16, 2023, 16:06 ISTA comparison of the latest FD interest rates of PNB, HDFC Bank and SBI on deposits below Rs 2 crore.HDFC Bank is offering up to 7.75 per cent interest rates on FD, depending upon deposit tenure and depositor’s age. SBI is offering FD rates up to 7.50 per cent annually and PNB is giving up to 7.75 per cent a yearSBI Vs PNB Vs HDFC Bank FD Interest Rates: Even as the interest rates in the economy are currently prevailing at higher levels, fixed deposits that earlier used to offer returns below the inflation rate now look attractive. Bank FDs are also offering interest rates as high as 7.75 per cent.A fixed deposit is a fixed-income instrument that gives returns based on the interest rates it offers.HDFC Bank is offering ...
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