Markets placed about a 90% chance of a quarter-point rate reduction at the 29-30 October meeting, after manufacturing, services and job figures slumped this weekUS stocks tumbled to the lowest since August as fears of a recession increased
3 min read3 Oct 2019Donald Trump said on Twitter on Tuesday the Fed should cut its key overnight lending rate by a full percentage pointThe US central bank may also renew the quantitative easing programme that saw it pump trillions of dollars into the economy in response to the 2007-2009 financial crisis and recession
2 min read1 May 2019Considering that government bond yields have soared, SBI's base rate cut is nothing but a last hurrah for borrowers before their interest rates start inching up
2 min read3 Jan 2018Small savings schemes public provident fund (PPF) and national savings certificate (NSC) will now have an interest rate of 7.6% while kisan vikas patra (KVP) will yield 7.3%
1 min read27 Dec 2017The poll puts the consumer price inflation at 3.46% in October from a year ago, up from 3.28% in September
1 min read10 Nov 2017The Monetary Policy Committee led by RBI chief Urjit Patel starts two-day deliberations, with the industry and the government hoping for interest rate cut to spur growth
2 min read3 Oct 2017A higher downside risk to Indian bond yields emerges from the movement in global bond yields and currencies rather than transitory domestic factors
1 min read27 Sep 2017A 'Reuters' poll shows that India's economic growth likely accelerated to 6.6% in the June quarter, but confusion over GST will dampen activity in coming months
2 min read28 Aug 2017Private sector lender Axis Bank on Tuesday reduced interest rate on savings accounts by 50 basis points to 3.5% for deposits up to Rs50 lakh.
1 min read8 Aug 2017Demand for Indian assets is rising after the Reserve Bank of India (RBI) last week lowered its inflation forecasts for the year ahead
2 min read13 Jun 2017The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared