E-PaperInterest Rate Cut News
Slumping data may force Fed chief Powell to move to third rate cut
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 2019Fed likely to ignore Donald Trump's call to cut interest rates
Donald 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 2019SBI’s base rate cut is a last hurrah for borrowers
Considering 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 2018Govt cuts small savings interest rate by 0.2 percentage points
Small 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 2017Rising food prices to push October inflation to 7-month high: Reuters poll
The 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 2017RBI begins two-day policy review, industry, govt want rate cut
The 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 2017Indian bonds yields: some movement, but not much direction
A 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 2017India’s GDP growth seen picking up to 6.6% but GST fogs outlook: poll
A '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 2017After SBI, Axis Bank cuts interest rate on savings account by 50 bps to 3.5%
Private 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 2017Buy India trade gets hotter as RBI’s dovishness boosts inflows
Demand 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 2017Popular Topics
Budget
The 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