FM Arun Jaitley has assured that the govt will stick to the fiscal deficit target and there will not be any slippages
RBI said that inflation outlook needed a close vigil over the next few months as several upside risks persist
Docile food inflation would mean that the MSP has not worked and this is where the irony lies
RBI faces a real dilemma
The rupee weakened further to 73.25 against the US dollar while brent crude was trading near $85 per barrel
The markets have priced in tightening as well, but it is unlikely to materialise, Nomura said in a report
A bank FD you're planning to take could turn out more lucrative; but you could end up paying a higher EMI on your car or home loan
Since 2016, the interest rates of the 12 small savings schemes have been reviewed quarterly
The RBI raised interest rates to the highest in 2 years to tackle inflationary pressures
This was the first time since October 2013 that the central bank has hiked repo at two consecutive policy meetings
Mortgage lender HDFC hiked home loan rates by 20 bps. Women can take a loan up to Rs 3 mn at 8.70%
Indonesia and the Philippines, two nations that run twin deficits like India, have hiked their rates by at least 50 basis points
RBI raised interest rates to the highest in 2 years to tackle inflation pressures in the world's fastest-growing major economy
The yields on the 10-year bond closed at 7.7%, lower than its previous close of 7.8%
Foreign currency reserves are down by $19 billion since the end of March
RBI increased the repo rate by 25 bps to 6.50%
Niranjan Hiranandani, chairman and managing director at Hiranandani Communities, said that the hike would negatively impact buyers' sentiment with the logical result on quantum of sales
July CPI print is likely to be below 4.5% and could even touch 4%, if food prices rise by 1% month-on-month, in line with previous month's trend
The proposed revisions would be issued for public comment by the end of September
The RBI introduced the Banking Ombudsman Scheme in 1995