The European Central Bank meets on Thursday, though it is not expected to begin raising interest rates until July, with rate setters at the US Federal Reserve and Bank of England gathering next week
FY23 inflation projection may go above 6%; liquidity steps anticipated
It's time the central bank talked about 'appropriate' liquidity instead of 'adequate' liquidity
The 8.1 per cent EPF rate of interest is the lowest since 1977-78, when it stood at 8 per cent.
Third hike by HDFC in a month, ICICI increase steepest at 30 basis points
As of December 2021, a little over 39% of banking system loans are linked to the external benchmark, shows RBI data
US Fed will take the data in stride as it prepares to keep boosting interest rates and wait for a more-sustained cooling in job growth to help moderate wage gains and inflation
Public offerings at slashed valuations could translate into losses for venture capitalists in late funding rounds
At the interbank forex market, the domestic unit opened at 77.69 against the US dollar. It moved in a range of 77.51 to 77.69 during the session
MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.3% as the region's major markets traded in the red. Oil rose and gold extended its recent gains
From a two- to three-year perspective, the market looks reasonably rewarding after the recent correction.
Industry players say banks have ramped up mobilisation via CDs in recent months amid pick-up in credit offtake
"What we need to see is inflation coming down in a clear and convincing way, and we're going to keep pushing until we see that," Powell said Tuesday during a Wall Street Journal live event
Soon after the central bank Reserve Bank of India (RBI) raised the repo rate by 40 basis points, the banking sector imitated the same by increasing interest rates in lending and deposit schemes.
The rate hike and the consequent rise in bond yields and upward revisions in lending rates by banks will raise companies' funding costs
The revised interest rates by Bajaj Finance will be applicable to fresh deposits as well as renewals of maturing deposits
The overall global cryptocurrency market dropped 13 per cent, and was hovering around $1.37 trillion market cap, which is its lowest this year
Indices tracking US financial conditions predict a sharp drop in the availability of easy money.
Barring external shocks of which this government has been a persistent victim since 2019, things should pan out well by April 2024
This increase was driven by the monthly increases in both food and non-food categories, according to the central bank on Friday