Page 29 - Interest Rates

US Fed holds rates at zero, projects two hikes by the end of 2023

"Progress on vaccinations has reduced the spread of Covid-19 in the United States," the Federal Open Market Committee said in a statement released Wednesday

RBI likely to maintain status quo in August policy, says SBI report

Retail inflation witnessed a significant uptick in May

Interest margins of banks at 12-yr high; cost of funds fell 50 bps in FY21

Analysts attribute the margin expansion to the wedge between RBI's repo rate and the lending rate in the market

Banks offering higher interest rates on FDs to encourage Covid vaccination

In a bid to encourage more COVID-19 vaccination, some state-owned lenders have announced higher interest rates on deposits, but for a limited period. City-based UCO Bank said it is offering 30 basis points or 0.30 per cent higher rate on fixed deposits of 999 days for applicants who have received at least one dose of a Covid vaccine. "We are also taking minor steps to encourage vaccination drives. We are offering UCOVAXI-999... for a limited period till September 30," a bank official said. Central Bank of India had also recently launched the Immune India Deposit Scheme with an additional interest rate of 25 basis points above the applicable card rate for those who have been vaccinated. The new product has a maturity of 1,111 days, the lender said in a release. The cumulative number of COVID-19 vaccine doses administered in the country has exceeded 23.59 crore, the health ministry said on Monday.

Low home loan interest rate regime to continue: Realtors on RBI policy

The industry hailed the RBI's decision to keep policy rates unchanged

RBI's MPC begins deliberations amid expectations of status quo in key rate

The RBI had kept key interest rates unchanged at the last MPC meeting held in April.

US stocks mixed, treasuries drop after Fed keeps rates pinned near zero

The Federal Reserve has maintained the pace of bond purchases as was widely expected

Exporters remain optimistic with weaker rupee and low interest rates

Covid-19 continues to pose the greatest threat to trade outlook, as new waves of infection could easily undermine any hoped-for recovery, said the WTO

Fitch sees Reserve Bank of India holding interest rates through FY22

Fitch Solutions sees RBI keeping benchmark interest rates unchanged during the fiscal to March 2022 following its decision to buy Rs 1 trillion of government bonds

Risks beyond growth

RBI should not undermine the price and financial stability objectives

Market impact of positives from the MPC meet may be seen with a lag

Overall RBI monetary policy was on expected lines and the policy statement highlighted its commitment to do whatever it takes to ensure financial stability

Monetary policy pause likely for entire year as Covid cases rise: BS poll

The policy, being the first in the fiscal year, could have many important policy measures spelled out

U-turn on interest rate order oversight or poll-driven hindsight: Congress

The Congress hit out at Finance Minister Nirmala Sitharaman on Thursday after she announced withdrawal of the interest rate-slashing order

Govt cuts interest rates on small savings schemes effective from April 1

The rate of interest on PPF has declined from 7.1 per cent earlier to 6.4 per cent now

SC lifts NPA standstill, rejects moratorium extension and interest waiver

No interest on interest on moratorium loans

SBI reduces home loan interest rates to 6.7%

SBI home loan interest rates start from 6.7% for loans up to Rs 75 lakh and 6.75% above Rs 75 lakh; the lender is also offering 100% waiver on processing fees

Here's why Nifty Bank index tanked 5% on NSE amid rising bond yields

10-year government bond yield hardened to 6.23 per cent on Friday, up 0.05 per cent from 6.18 per cent on Thursday, February 25

Interest cost for state loans soars to 11-month high of 7.19%

Despite near record low interest rates, the pricing of state government bonds skyrocketted to an 11-month high of 7.19 per cent, at the latest auction of Rs 23,806 crore market borrowings on Tuesday

MPC in 2 minutes: Here're the key development and regulatory steps

The six-member MPC kept interest rates on hold, but said it will keep its stance accommodative to support the government's huge borrowing programme

Bond market ko gussa kyun aata hai

Normally, the market eats out of the RBI Governor's hands but the size of the govt borrowing is killing its risk appetite