IDFC FIRST Bank is the latest to hike the interest rates for saving deposits after the RBI's repo rate hike. IndusInd Bank has increased the interest rates for fixed deposits.
Major Indian banks have increased their fixed deposit (FD) rates in line with the Reserve Bank of India’s (RBI) recent repo rate hike.
FICCI President Sanjiv Mehta said the RBI's policy action hiking the repo rate by 35 bps was widely anticipated as the war against inflation is still far from over
With retail inflation showing signs of moderation and remaining below the Reserve Bank of India's 6 per cent upper tolerance level, and projected slowdown in GDP growth in the next fiscal starting April, experts are of the...
Yesterday, the RBI indicated that it wants inflation to be within the band first and then move towards the target of 4 per cent, Kotak said at the CII Global Economic Policy Summit 2022
Knight Frank India said the Reserve Bank of India’s (RBI) fourth-consecutive repo rate hike has decreased affordability on an average by 2 per cent across markets and increased the EMI load by 7.4 per cent
The government’s Economic Survey 2022-23 has important outlook on monetary policy transmission and how the Reserve Bank of India’s hike in repo rate impacted the weightage average lending rate and the weightage average...
Leading home loan lenders, such as HDFC and LIC Housing Finance, as well as banks, such as ICICI Bank and Axis Bank have increased home loan rates within hours of the RBI’s announcement of the repo rate hike by 50 basis...
The Reserve Bank of India could raise the repo rate by another 35 basis points in December 2022, but beyond that there is unlikely to be another major hike,...
The Knight Frank India report said that Mumbai, Bengaluru, and the National Capital Region (NCR) saw highest home sales in the third quarter of 2022.
The move would increase EMIs for housing loans by the firm
While raising the key short-term lending rate (repo), the Reserve Bank said the consumer price index (CPI) based inflation would remain at around 6 per cent in...
While announcing rate hike, Governor Das said, “World has been confronted with one crisis after another while Indian economy remains resilient.”
Benchmark interest rate hiked by 50 basis points to 3-year high at 5.90
With a target of maintaining a fiscal deficit at 6.4 per cent of the GDP for the current financial year, the government has a task at hand
The Reserve Bank of India increased the repo rate by 50 basis points, taking it above the pre-pandemic levels. Now, experts believe it could affect buyer...
The Reserve Bank has already raised the key policy rate by 90 basis points in May and June to 4.9 per cent to tame high inflation, mainly due to supply...
Near-term challenges need to be managed carefully without sacrificing the hard-earned macroeconomic stability, the Monthly Economic Review said
As of 2:29 pm, the Sensex was down 1,697 points at 52,607 and the Nifty 50 index dropped 3 per cent or 497 points to 15,704.
Daily balances in savings accounts above Rs 50 lakh will now earn an interest of 4 per cent per annum as against the earlier rate of 3.50 per cent, while the...
Earlier on Wednesday, three state-owned lenders Punjab National Bank, Indian Bank and Bank of India had announced raising their respective repo-based lending...
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Weak domestic markets, rising oil prices and persistent foreign capital outflows restricted the rupee's gain, forex dealers said
The central bank also upped the inflation projection to 6.7 per cent while maintaining the growth estimate at 7.2 per cent for the current fiscal.
The CEA said India is right now in a situation where the economy faces a considerable amount of challenges both from global macro monetary policies and...
Although the government is pulling out all the stops to bring it under control, it is a given that prices are decided by the supply and the demand for goods...
