Page 2 - Interest Rates

S&P 500, Nasdaq near record highs as interest rate-cut bets creep up

The benchmark S&P 500 and tech-led Nasdaq were about 1% below their all-time peaks at Wednesday's close, following a truce in the Middle East conflict

HDFC Bank reduces MCLR by 10 bps across all loan tenures from 7 June

The MCLR for HDFC Bank now ranges from 8.90 to 9.10 per cent across tenors, following a 50 bps cut in the repo rate by the RBI's monetary policy committee last week

Interest rates on fresh deposits declined sharply by 35 bps in April

Fresh deposit rates declined more sharply than lending rates in April, as RBI's policy easing and surplus liquidity support rate transmission across the banking system

Stock market close highlights: Sensex tanks 872 points, Nifty at 24,683; all sectors end in red

Sensex Today | Stock Market Highlights on Tuesday, May 20, 2025: Among the broader basket, the Nifty Midcap100 and Smallcap100 indices ended down by 1.62 per cent and 0.94 per cent, respectively

US Fed holds rates steady: Key highlights | Jerome Powell | US Fed interest rates | US Economy

US Federal Reserve kept its benchmark rates steady at 4.25% – 4.5%. Watch the video to know the key highlights from the US Federal Reserve's May meeting.

Bank of England cuts main interest rate by 0.25% amid US tariff uncertainty

The Bank of England cut its main interest rate by a quarter of a percentage point to 4.25 per cent amid concerns over the potential shock to global growth emanating from the tariff policies of the Trump administration. The decision Thursday was widely expected, though there was an array of opinion on the nine-member Monetary Policy Committee, with two voting for a bigger half-point cut to four per cent, and two voting to hold rates. Bank Governor Andrew Bailey said inflationary pressures have continued to ease, paving the way for the fourth quarter-point rate cut since August. "The past few weeks have shown how unpredictable the global economy can be," he said. "That's why we need to stick to a gradual and careful approach to further rate cuts. Ensuring low and stable inflation is our top priority." The decision is the first since President Donald Trump made his tariff announcement in early April. Though most tariffs were paused for 90 days following the ensuing market turmoil, ...

RBI recognises FIMMDA as SRO for financial markets under new framework

FIMMDA has become the first financial market body to be recognised as a Self-Regulatory Organisation under the RBI's 2024 framework to enhance oversight and governance

Need to moderate public debt to save on interest outgo: DEA Secretary

India's elevated public debt, which results in fairly large interest outgo, needs to be moderated to get a rating upgrade from global rating agencies, Economic Affairs Secretary Ajay Seth said on Friday. Speaking at ISAAC Centre for Public Policy Conference, he said India cannot remain fixated to a particular way in the midst of uncertainties. "We have to be agile and as the things are evolving, we cannot take the things for granted. And today I feel India is close to USD 4 trillion economy, we have enough resilience to find whatever is the rest of the world doing, we have to find our way and I'm hopeful that we can find out," he said. Observing that the current level of public debt continues to be elevated, he said, that needs to be moderated and that is a path for fiscal consolidation. "One has to remain committed and deliver on that for two reasons, and one of the reasons why credit rating agencies look more cautiously towards India is the elevated debt level. That our capacity

Space to cut rate, but cautious about a pre-set easing path: RBI MPC member

At this point in time, the balance between growth and inflation is clearly tilted towards the need to support growth. RBI's forecast for FY26 growth is 6.5 per cent, Bhattacharya said

Rate cut will boost private consumption, investment, says RBI Guv Malhotra

Benchmark interest rate reduction will bolster private consumption and support a revival in private corporate investment, Reserve Bank Governor Sanjay Malhotra had opined while voting for a 25 basis points cut in repo rate along with other five members of the rate-setting panel earlier this month. Governor Malhotra-headed Monetary Policy Committee (MPC) had reduced the short-term lending rate by 25 basis points to 6 per cent on April 9. A similar reduction was done in February. "When consumer price inflation is decisively around its target rate of 4 per cent and growth is still moderate and recovering, monetary policy needs to nurture domestic demand impulses to further increase the growth momentum. This is specially so amidst an uncertain global environment, which has amplified downside risks to growth," said the minutes of the MPC meeting released by the RBI on Wednesday. Malhotra had said it will bolster private consumption and support a revival in private corporate investment ..

Banks reduce savings account interest rates to protect profitability

Recently, HDFC Bank, ICICI Bank, Axis Bank and Federal Bank announced nearly 25 basis points revision in their savings account interest rates

ICICI Bank slashes savings account deposit interest rate by 0.25%

ICICI Bank has cut its savings account deposit interest rate by 0.25 per cent, according to the lender's website. The second largest private sector bank's move comes days after larger rival HDFC Bank announced similar move amid a spate of cuts in deposit offerings following RBI's two back-to-back rate decreases. ICICI Bank depositors will earn a 2.75 per cent interest on their savings bank balances of up to Rs 50 lakh, the same as HDFC Bank's offering, as per the website. For balances of over Rs 50 lakh, the rate has been decreased by a similar quantum of 0.25 per cent to 3.25 per cent, as per the website. ICICI Bank's revised rates are applicable from Wednesday. SBI, the country's largest lender, at present offers an interest rate of 2.70 per cent for savings bank accounts. Other lenders have also cut the term deposit rate offerings in the past few days. The deposit rate cuts by lenders have come days after the RBI reduced its key rates for the second consecutive time, taking th

Monetary Policy: RBI cuts repo rate, charts out path for the future

RBI Governor Sanjay Malhotra's statement explains what an accommodative monetary policy stance means it is geared towards stimulating the economy through softer interest rates

RBI's MPC slashes repo rate once again, raises hope for more such cuts

An 'accommodative' stance effectively means that, absent any further shocks, the MPC is considering only two options - rate cut or a pause

Households expect inflation pressures to ease; consumer confidence rises

Pessimism about employment conditions dips

MPC highlights: Growth estimate revisions mainly due to tariff-related uncertainties, says Malhotra

RBI MPC Meeting 2025 highlights: Catch all the latest news updates on the RBI Monetary Policy Committee meeting here

RBI's growth outlook is optimistic amid global concerns; see 50bps more cut

We expect the GDP growth to print at 6.2 per cent in FY26, marginally below the 6.3 per cent projected by us for FY25, said Aditi Nayar of Icra

Markets stage a comeback after $10 trn global quake; Sensex, Nifty gain

India Vix slips 10% as talk of easing tariffs and RBI rate relief lift mood

China floats interest rate cuts, industry aid to counter Trump tariff hit

The reserve requirement ratio for financial institutions and the central bank's policy rates can be cut anytime going forward, the state-owned People's Daily said in a commentary on Sunday

RBI monetary policy: Expect 25-bp rate cut, but no change in stance

As headline inflation moves closer to RBI's target, and growth momentum remains elusive, a rate cut may be on the cards