Forward Rate Agreements enables insurers lock in a fixed rate of interest rate for a future pay out
According to SBI's website, the interest rate on US dollar category deposits with maturities up to 2 and 3 years are up by 85 basis points to 2.85 per cent and 3 per cent
Investors who want to avoid their long lock-in can choose from a host of other high credit quality options
But lenders can impose restrictive conditions on prepayment and foreclosure
The monetary policy committee more than doubled the key rate to 200% from 80%, Governor John Mangudya said in a statement on Monday
Crypto loans - particularly those in decentralized-finance apps that dispense with intermediaries like banks - often require borrowers to put up more collateral than the loan is worth
Buying in IT stocks - spurred by a global trend - accounted for the bulk of the gains in the benchmark indices
Rising interest rates, too, do not augur well for corporate India as they will make raising money via debt expensive
Surging energy and food prices mean inflation in many places is now its hottest in decades
Month-to-date returns for most stock market gauges are flashing red
Existing home sales fell 3.4 per cent to a seasonally adjusted annual rate of 5.41 million units last month
Lender also raises interest rates on standard FDs, capping them at 6.5% for regular customers, 7.25% for seniors
Interest rate hikes, however, remain a pet peeve
The sharp rise in interest rates in the financial markets has made companies turn to commercial banks for their borrowing requirements
The central bank kept its policy settings for yield curve control and asset purchases, according to a statement on Friday, in line with the forecasts of almost all surveyed economists
The Dow had rallied on Wednesday after the Fed Chairman Jerome Powell announced its largest rate hike since 1994
Foreign investors sold shares worth 3,257.65 crore on Thursday, taking their year-to-date selling tally past the Rs 2-trllion mark
The S&P is down 22.2% year-to-date and is in a bear market
'We have a healthy conduit of proposals for corporate loans under review', said SBI chairman
Listed non-financial firms had saved nearly Rs 1 trn because of decline in interest rates in FY21, FY22