New Delhi, June 6 (IANS) April and May high‑frequency indicators showed above‑average acceleration in growth and, if the trend continues in June, FY27 growth could surpass the Reserve Bank of India’s estimate of 6.6 per cent, a report said on Saturday.The report from SBI Research said, “Despite external headwinds, the Indian economy is poised to remain the fastest‑growing major economy in FY27 by leveraging its sound macroeconomic fundamentals and robust financial sector.”Further, “defla…
Latest Interest Rates News & Updates
Mumbai, May 23 (IANS) Foreign institutional investors (FIIs) remained net sellers this week, offloading Rs 7,570 crore based on provisional exchange data as domestic institutional investors (DIIs) were net buyers, purchasing Rs 16,950 crore, providing enough cushion.In the month of May, FIIs have sold a cumulative Rs 32,230 crore, while DIIs have bought Rs 56,870 crore, based on provisional exchange data.FIIs were net buyer on Monday’s session with inflow of Rs 2,810 crore.“However, they tur…
New Delhi, May 18 (IANS) Bank of India on Monday announced an increase in interest rates on medium- and long-term fixed deposits of less than Rs 3 crore, effective today.According to the state-owned lender, the revised interest rate for fixed deposits with tenures ranging from one year to less than two years has been increased to 6.50 per cent per annum.For deposits with maturities between two years and less than three years, the interest rate has been revised to 6.60 per cent, while three-year …
Washington, April 16 (IANS) As a fresh energy shock from the Persian Gulf conflict risks deepening vulnerabilities across major economies, the global imbalances are widening again, top officials from the IMF and policymakers warned.Speaking at a high-level panel on Wednesday (local time), IMF Managing Director Kristalina Georgieva said “imbalances have been coming and going in waves” and are now “on the rise again,” with major surplus economies including China, Germany and Japan facing o…
Mumbai, April 10 (IANS) The Reserve Bank of India announced on Friday that it is carrying out a Variable Rate Reverse Repo (VRRR) auction worth Rs 2 lakh crore with a 7-day tenor to absorb excess, durable liquidity from the banking system. The date of reversal is April 17.The VRRR is used to absorb excess liquidity when the system has a surplus, which helps maintain interest rates within the RBI’s prescribed corridor.This move follows the RBI’s revised liquidity management framework, which prior…
Mumbai, March 20 (IANS) Gold and silver on Friday witnessed a substantial rise in prices, with both precious metals gaining 3 per cent amid hopes of easing tensions in West Asia.On the Multi Commodity Exchange (MCX), gold futures (April 2) touched an intra-day high of Rs 1,48,302 per 10 grams at around 10:45 am, up 2.30 per cent or Rs 3,348. During the session so far, gold hit a low of Rs 1,47,401. At the last count, the yellow metal was trading at Rs 1,47,534, up Rs 2,580 or 1.78 per cent.Simil…
New Delhi, Feb 27 (IANS) Gold and silver prices posted strong gains on Friday, amid rise in the US-Iran tensions and marginal decline in US dollar.MCX gold April futures gained 0.43 per cent to Rs 1,60,399 per 10 grams around 12.30 am on an intra-day basis. Meanwhile, MCX silver March futures gained 3.05 per cent to Rs 2,67,600 per kg.The US-Iran nuclear negotiations were extended without any clear progress, keeping geopolitical tensions elevated. The buildup of US troops led to both countries e…
Canberra, Feb 19 (IANS) Australia’s unemployment rate remained steady at 4.1 per cent in January, according to official data released on Thursday. The latest monthly labour force data from the Australian Bureau of Statistics (ABS) showed that the number of Australians employed on a full-time basis increased by 50,500 between December and January, which was partially offset by a fall in part-time employment of 32,700 people, Xinhua News Agency reported.The official unemployment rate remained at 4…
Washington, Feb 11 (IANS) President Donald Trump on told Fox Business that the US economy is “going great” as he touted record stock-market levels and said he wants Congress to pass a voting package he called the “Save America Act” ahead of the midterm elections.In an interview with Larry Kudlow on Fox Business’ “Kudlow”, Trump pointed to market milestones. “When you say 50,000, and by the way, uh, S&P 7,000—,” he said, adding, “we’re at the end of the first year.”Tru…
Seoul, Jan 29 (IANS) Uncertainty over the path of the United States’ monetary policy is expected to persist, though markets have remained broadly stable following the Federal Reserve’s latest interest rate decision, a senior official of the South Korean central bank said on Thursday.On Wednesday (US time), the Fed kept its benchmark interest rate unchanged at the 3.5-3.75 percent range following three successive cuts since September, a decision that will continue to put the gap between the key r…