Page 21 - Interest Rate Hike

RBI may raise key policy rate by 25-35 bps to check inflation: Experts

Days after the US Fed raised the interest rate, the RBI may go in for its third consecutive policy rate hike by 25-35 basis points to check high retail inflation, experts said

Dollar pares gains as US economic growth contracts for second quarter

The second straight quarterly decline in GDP meets the standard definition of a recession. It comes as the Fed aggressively hikes rates in an attempt to choke off soaring inflation.

Gold price rises as Fed's Powell allays fears over large rate hikes

Spot gold was up 0.6% at $1,743.49 per ounce, as of 0711 GMT, its highest since July 13.

Global shares take breather after Fed rally, dollar retreats on yen

The U.S. Federal Reserve had surprised no one by lifting rates 75 basis points (bps) to 2.25%-2.50% on Wednesday, but did alter its statement to cite some softening in recent data.

Rupee, bonds gain on 'less hawkish' policy despite US Fed rate hike

Fed Chair Powell's comments suggest slower pace of hikes going ahead, say markets

RBI to go for 35 bps hike at next week's monetary policy meeting: Report

The Reserve Bank of India's rate-setting panel will go for a 0.35 per cent hike in the key repo rate at its meeting next week, an American brokerage said on Wednesday. The hike will be accompanied by a change in the policy stance to "calibrated tightening", Bofa Securities said in a report published ahead of the Monetary Policy Committee (MPC) resolution which is set to be announced on August 5. RBI has hiked the rate by a cumulative 0.90 per cent in two tightening moves in May and June, responding to the runaway headline inflation which has consistently overshot the upper end of the target set for the central bank for many months. Referring to policy actions since April, when RBI introduced the standing deposit facility, the brokerage said the central bank has effectively hiked rates by 1.30 per cent. "In our base case, we now see the RBI MPC hike policy repo rate by 0.35 per cent, taking it to 5.25 per cent (higher than pre-pandemic level), with stance change to calibrated ...

US Fed on track for most aggressive rate hike cycle in 2022: Report

Cumulatively, this would be tantamount to about 350 bps rate hike during 2022, making it the most aggressive rate hike cycle, Acuite Ratings said in a report.

After falling to record lows, rupee regains footing against US dollar

RBI's interventions and a less hawkish view on US Federal Reserve among factors that help currency

Fed rate-path uncertainty, European gas crunch dominate currency markets

The U.S. Federal Reserve starts a two-day meeting later in the day and is expected to deliver a 75 basis-point interest rate rise.

Karur Vysya Bank Q1 net doubles to Rs 229 cr, interest income up 17%

Operating profit for up 15% YoY, major improvement seen in bad loans

US Fed expected to raise rates by 0.75 percentage points in July: Report

The report also showed a sharp rise in so-called core inflation - which strips out the volatile food and energy sectors - led by higher rent and shelter costs.

Supply-side constraints weigh on retail protection biz for life insurers

Protection segment, overall, has witnessed decent growth, mainly because of strong traction in the credit life business, buoyed by disbursement from banks and NBFCs.

Earnings growth will decide the pace of market recovery: Rajat Rajgarhia

'Now valuations have become more reasonable and trade at long-term averages. More importantly, there are palpable signs of peak inflation behind us'

Rupee at 80: What can be done?

We need to maintain the gap of interest rate differential with the US by raising rates in a meas­ured way and allow the rupee to find its own level

At 50 basis points, European Central Bank's rate hike higher than expected

Euro zone central bank's first rate hike in 11 years confirms that concerns about runaway inflation now trump growth considerations

ECB raises rates for first time in 11 years to fight off runaway inflation

European stocks and bonds slumped and the euro rose after the European Central Bank raised rates by a larger-than-expected 50 bps

Markets surge amid 'peak inflation' optimism, gain now 4% in 4 days

Sensex closes at highest level since June 6; Up 8% from CY22 lows

US existing homes sales fall to a two-year low as prices hit record high

Contract closings fell 5.4% from May to an annualized 5.12 million, figures from the National Association of Realtors showed Wednesday.

Copper rises from multi-month lows as upbeat sentiment lifts base metal

A weaker U.S. dollar in recent days has also helped metals, which are priced in the greenback, by making them cheaper for buyers with other currencies.

Investor sentiment in doldrums, growth optimism hits record low: BofA study

Survey shows while inflation is seen falling, mood is stagflationary; recession expectations highest since May 2020; global growth and profits at all-time lows, cash levels highest since 9/11 attacks