Page 18 - Interest Rates

Maintain exposure to US funds in face of recent underperformance

Your portfolio will benefit from geographical diversification; long-term returns of these funds are good

Fino Payments Bank ups interest rate on savings deposit to 5%

In addition to the hike in interest, the bank's customers will also get monthly interest pay-outs on their balances.

Bulls stage turnaround on Monday; key reasons why Sensex rallied 850 pts

The market sentiment got a boost from jobs and services data in the US, which hinted at a cooling economy prompting bullish bets from investors

Asian stocks in 2022 suffer biggest foreign outflows since 2008 crisis

After four straight 75-basis point hikes earlier in 2022, the US Federal Reserve raised its overnight borrowing rate by another 50 basis points in December

Interest rates to be reduced in 2023: Sri Lanka's central bank chief

He said that Sri Lanka's inflation rate eased to 57.2 per cent in December from 61 per cent in November, noting that this reflected that the policies they have taken from April 2022 were successful

Govt hikes interest rate on post office savings schemes by up to 1.1bps

The government on Friday raised interest rates on most post office savings schemes that do not get income tax benefits in line with the firming of interest rates in the economy. While the interest rate for popular PPF and girl child savings scheme Sukanya Samriddhi were retained, rates for deposits up to 5 per cent as well as NSC, senior citizen savings scheme and Kisan Vikas Patra (KVP) where income accruing is taxable have been hiked by up to 1.1 percentage points, according to a finance ministry notification. This is the second quarter of an increase in a row in interest rates for some schemes. This follows a status quo or unchanged rates for nine straight quarters. Interest rates for small savings schemes are notified on a quarterly basis. With the revision, a one-year term deposit with post offices would earn 6.6 per cent, for two years (6.8 per cent), three years (6.9 per cent) and five years (7 per cent). Senior Citizen Savings scheme will earn 40 basis points more at 8 per

Go ahead with house purchase in 2023 despite high loan rates

By the time interest rates moderate, prices could move higher

Thanks to Adani, India to rank among 2022's best-performing stock markets

A solid run of earnings buoyed key Indian benchmarks to record levels, making the market larger than the UK

Interest rates for renewable power must be brought down: Assocham president

Assocham president Sumant Sinha has called for bringing down interest rates for the industry, especially for the domestic renewables sector, which is seeing high rates of 8-10 per cent compared to 3-4 per cent in the western markets. On his expectations from the government for the domestic power and renewable energy sectors in the upcoming budget, Sinha said interest rates should be brought down for the rate-sensitive sector. Finance Minister Nirmala Sitharaman is scheduled to present the budget on February 1. "Bring down the interest rates because ours is a very interest rate-centric sector. ...it is high compared to what you pay in other parts of the world. In India, the rate is in the range of 8 per cent to 9.5 per cent for the industry and (specifically) in power and renewables (sectors) it is 8-10 per cent," Sinha, who is also the Chairman of ReNew Power told PTI in an interview. "In the western world, rates are 3 to 4 per cent." Sinha said every 1 percentage point increase i

Top Indian banks battle for no 1 bond spot as credit demand surges

Indian businesses are hungry for credit, despite rising interest rates, as they borrow to cover higher operational costs and for more investments

Despite interest rate hikes, listed realty firms see dip in cost of debt

Debt cost of eight listed players at lowest since pandemic

Global markets remain at make-or-break stage after US Fed's rate hike

It was a tough week for markets in India and the world. Interest rates were raised in the US on expected lines and the commentary post the meeting were not enough to soothe the nerves

Mexico's central bank hikes interest rate by 50 basis points to 10.50%

The central bank of Mexico (Banxico) raised the key interest rate once again to counter domestic inflationary pressure and the impact of a flagging global economy

Top Headlines: Fed lifts rates, quick commerce in funding winter, and more

Business Standard brings you the top headlines at this hour

Real rates turn positive as inflation eases; peak in sight: Report

India's real interest rate has turned positive after headline retail inflation eased below 6% for the first time this year, analysts said, suggesting that the peak policy rate is now close

'Banks not required to inform about rate change in floating plan': NCRDC

NCDRC said that the borrowers have already agreed to such fluctuations while executing loan agreements

Indian Overseas Bank revises interest rates on domestic, foreign currency

Public sector Indian Overseas Bank has revised the interest rates on its domestic, foreign currency non-resident (banking) term deposits with immediate effect, the city-based lender said on Saturday. Depositors of domestic, non-resident external would receive interest rates up to 7.30 per cent by opening a term deposit with a tenure of 444 days and up to 7.25 per cent for a period of three years and above, Indian Overseas Bank said in a statement here. Foreign currency depositors shall be paid an interest rate up to 4.25 per cent by opening FCNR (B) term deposits with the bank, it said.

Bank of Canada hikes policy interest rate by 50 basis points to 4.25%

The Bank of Canada has increased its benchmark interest rate by 50 basis points to 4.25 per cent

Why India's growth should stay resilient

Indian property cycle has multi-year pent-up demand and is more dependent onpricing sentiments (now strengthening) instead of mortgage rates.

No pause in sight: A 25-basis-point rate increase in Feb can't be ruled out

The key takeaway from the governor's 3,000-word statement is 'the battle against inflation is not over'