rates

Washington [US], The US Federal Reserve voted to leave the key interest rate unchanged at 5.25-5.50 per cent in its latest monetary policy meeting, keeping the policy rate unchanged for the seventh consecutive time.During the COVID-19 pandemic, interest rates were near zero.Raising interest...

The Fed's announcement came after a two-day meeting of its top officials.They will meet four more times this year in September, November and December.The Fed's interest rates set the interest on home and auto loans and credit cards.The aim of raising rates is to slow the economy by curbing...

The Fed's announcement came after a two-day meeting of its top officials.They will meet four more times this year in September, November and December.The Fed raised interest rates several times in early 2022 when inflation reached a four-decade high and took it to 5.3 percent in July, where...

New Delhi, State Bank of India (SBI) Chairman Dinesh Kumar Khara has said that deposit rates have peaked and will move south in the medium term.The country's largest lender also said that the RBI may start easing the interest rate cycle from the third quarter of the current financial year...

The growth rates of mining, manufacturing and power sectors in April 2024 are 6.7 per cent, 3.9 per cent and 10.2 per cent respectively compared to the same month last year.Within the manufacturing sector, the top three positive contributors to the growth of IIP for April 2024 are...

New Delhi [India]: India's Index of Industrial Production (IIP) for April stood at 5 per cent, up from 4.6 per cent in the same period a year ago, according to data released by the Ministry of Statistics and Program Implementation.IIP stood at 147.7 in April 2024, whereas it was 140.7 in the...

New Delhi: Former diplomat Hardeep Singh Puri, who came from a background that displayed immense altruism in building the new Parliament and steering India out of two consecutive oil crises, feels he has been rewarded with a scam-free tenure in ministries. Considered a mine area.Puri, 72...

New Delhi: Russian oil giant Rosneft CEO Igor Sechin said India's end-use energy consumption is set to grow by 90 per cent by 2050 - one of the fastest growth rates in the world.Sechin, chief executive of Rosneft, Russia's biggest oil producer, addressed key global business and political...

New Delhi [India], Real estate consultancy firm Anarock said the Reserve Bank of India's (RBI) decision to keep the repo rate unchanged again is a boon for the Indian real estate sector.Anarock Group Chairman Anuj Puri said, “This (policy) stability ensures that home loan interest rates remain...

New Delhi [India], As widely expected, the Monetary Policy Committee of the Reserve Bank of India (RBI) decided to keep the repo rate unchanged at 6.50 per cent for the eighth consecutive time, though not unanimously. Two members voted to reduce the policy repo rates by 25 basis points (100...

Mumbai: Bankers on Friday welcomed the growth forecast hike by the RBI, saying the Reserve Bank's decision to keep interest rates on hold was as expected.Indian Banks Association President M V Rao, who also heads the state-run Central Bank of India, said policy steps, status quo and stance on...

New Delhi, Industry experts are of the opinion that the Reserve Bank's proposal to set up a digital payment intelligence platform will help reduce fraud and boost consumer confidence.The RBI on Friday proposed setting up a 'Digital Payment Intelligence Platform' that will use advanced...

New Delhi [India], Industry leaders and economists have widely accepted the RBI's monetary policy stance of leaving no change in interest rates. Apart from this, the industry has welcomed the estimate of GDP growth rate increasing from 7 percent to 7.2 percent for the financial year 2015...

Mumbai: RBI Governor Shaktikanta Das on Friday said banks need to re-strategize their business to deal with the persistent gap between credit and deposit growth.He also said that further action could be taken to reduce the increase in unsecured loans, if needed.In November last year, RBI had...

Mumbai: Governor Shaktikanta Das on Friday said the Reserve Bank of India (RBI) can consider "further policy action" only when it is confident of headline inflation remaining at 4 per cent.He said aligning the inflation rate with the target of 4 per cent is the central bank's main objective...

NEW DELHI: With the RBI fixing the benchmark interest rate on Friday, bankers and economists said the first monetary policy committee meeting after the general elections has instilled confidence and stability in the market and they expect the central bank to raise interest rates by fiscal 2025...

New Delhi, Realtors' apex bodies CREDAI and NAREDCO have sought repo rate cut in the next monetary policy to reduce interest rates on home loans and further boost demand for residential properties.The Reserve Bank of India (RBI) did not make any change in the repo rate on Friday.Commenting...

KOLKATA: The policy rate has been maintained status quo at 6.5 per cent by the Reserve Bank of India (RBI), which is in line with expectations, while growth has been raised to 7.2 per cent from 7 per cent for fiscal year 2024-25, experts said. Say said on Friday.Realtors said the decision to...

The central bank has left key interest rates unchanged in its monetary policy review as it maintains a balance between economic growth and keeping inflation under control.Sanjeev Aggarwal, president of PHD Chamber of Commerce and Industry, said he is expecting the inflation trajectory to...

"In general, we have seen that the guidelines on key fact statements are followed, but some banks and NBFCs still charge charges etc. which are not specified or disclosed in the statement," Das said at a press conference after the Monetary Policy Committee. is not done." meeting."It has also...