'Existing borrowers who have surplus cash should make partial loan prepayments to offset the impact of rising EMIs and reduce the overall interest burden.'
A 25-basis-point increase would restore some real monetary restraint when expected inflation has risen, liquidity remains easy and growth is strong, points out Amarendu Nandy.
The Reserve Bank of India's Monetary Policy Committee (MPC) has commenced its three-day meeting, with a majority of economists and bankers anticipating a 25 basis point rate hike to counter escalating inflation risks, particularly from West Asia conflicts.
The Reserve Bank of India has raised the repo rate by 0.25%. Three financial planners explain how soon banks will pass the increased loan interest on, what borrowers should check and what they need to avoid.
Indian stock markets closed lower, with the Sensex falling 429 points, after the Reserve Bank of India raised its benchmark interest rate for the first time in nearly four years, coupled with rising crude oil prices and persistent foreign fund outflows.
The Reserve Bank of India's 25-basis point increase in the repo rate to 5.5 per cent is expected to exert pressure on housing affordability and buyer sentiment, particularly affecting interest rate-sensitive segments and potentially moderating sales during the crucial festival season.
The Reserve Bank of India on Wednesday raised its policy repo rate by 25 basis points to 5.50 per cent, beginning a rate-hike cycle as rising inflation risks, elevated global yields and resilient domestic growth strengthened the case for tighter monetary policy. The decision by the Monetary Policy Committee marks a shift from its August policy, when it kept the repo rate unchanged at 5.25 per cent and retained a neutral stance while seeking greater clarity on the inflation outlook and growth-inflation balance.
Vivo has introduced the S2 FE with a feature-packed specification sheet, including a 6.83-inch AMOLED display and a massive 10,000 mAh battery.
Analysts predict that the Reserve Bank of India's interest rate decision, crude oil prices, and global bond yields will be the primary factors influencing the Indian stock market this week, alongside macroeconomic data and foreign investor activity.
Both the Indian and West Indies cricket teams were fined by the International Cricket Council for maintaining slow over rates during their third and final One-Day International match in Mullanpur, New Chandigarh.
Chief Economic Advisor V Anantha Nageswaran stated that the second half of the current fiscal year (FY27) is expected to be challenging due to increased downside risks to global growth and rising interest rates worldwide.
Property insurance premium rates are increasing by 25-30 per cent, primarily due to a reduction in discounts, following substantial claims from natural calamities like the Gujarat floods, which caused an estimated 5,000 crore in losses.
Indian benchmark equity indices, Sensex and Nifty, closed higher on Monday, driven by softer-than-expected US jobs data which reduced expectations of aggressive monetary tightening by the US Federal Reserve, boosting risk appetite across emerging markets.
The Reserve Bank of India (RBI) has marginally raised its retail inflation forecast for the current fiscal year (FY27) to 5.2 per cent from 5 per cent, citing increasing price pressures across various commodities. Concurrently, the Monetary Policy Committee (MPC) unanimously decided to hike the key interest rate (repo) by 25 basis points to 5.5 per cent, shifting its stance to 'calibrated tightening'.
Fitch Ratings has increased India's GDP growth forecast for the current fiscal year (FY'27) to 6.9 per cent, up from 6.4 per cent, attributing the revision to robust economic growth in the June quarter and overall economic resilience. The agency also anticipates the Reserve Bank of India (RBI) will raise interest rates by 0.25 per cent in October.
S&P Global Ratings has affirmed India's sovereign credit rating at 'BBB' with a stable outlook, citing the country's dynamic and fast-growing economy, strong external balance sheet, and stable institutions that ensure policy predictability.
World champion D Gukesh's live rating has slipped below 2700 after the first two rounds of the 46th Chess Olympiad in Samarkand, Uzbekistan. The Indian men's team, defending champions, had an average start with two unconvincing wins, while the Indian women's team performed better against weaker opposition. Gukesh's rating drop comes ahead of his world title challenge against Javokhir Sindarov in November.
Economists widely anticipate the Reserve Bank of India's Monetary Policy Committee will increase the repo rate by 50 basis points, likely split between the October and December meetings, as retail inflation is projected to peak at 6.1 per cent in the third quarter, exceeding the RBI's tolerance limit.
India's deposit growth has reached a 15-year high of 17.8 per cent, primarily driven by a surge in foreign currency non-resident (bank), or FCNR(B), deposits. This influx of funds is expected to lead to a softening of corporate loan rates as banks seek to deploy their excess liquidity.
'A balance had to be struck between the economic cost of taking action at this point against the need not to fall behind the curve in controlling inflation and anchoring inflation expectations.'
Luxury hotels in Delhi are experiencing a significant room crunch and a sharp increase in tariffs ahead of the BRICS Summit. Many marquee properties show no availability or are quoting rates exceeding six figures per night around the September 12-13 event, highlighting a gap in India's hospitality infrastructure.
'Indian private sector hospitals provide quality healthcare at a fraction of the global cost.'
Pakistan's cricket team has been fined 50 per cent of their match fee and docked 11 World Test Championship points due to a slow over-rate during their third Test against England in Birmingham, a match they lost by 8 wickets, contributing to a 0-3 series whitewash.
Indian benchmark indices, Sensex and Nifty, closed nearly flat on Thursday, influenced by the US Federal Reserve's interest rate hike and indications of further monetary tightening. Despite some intraday gains, caution prevailed, with foreign institutional investors continuing to offload equities. Meanwhile, the National Stock Exchange of India's (NSE) mega initial public offering opened for subscription, garnering 39 per cent subscription on its first day.
Axis Bank MD & CEO Amitabh Chaudhry has cautioned that the surge in FCNR(B) deposits could lead to 'abnormal lending' as banks seek to deploy excess liquidity, while also hinting at a potential interest rate hike in the near future.
Indian benchmark indices, Sensex and Nifty, experienced a significant downturn, with Sensex tanking 778 points and Nifty closing at a five-month low, driven by surging crude oil prices, geopolitical tensions, and fears of further interest rate hikes by major central banks.
Indian skipper Shreyas Iyer has assured young talent Vaibhav Sooryavanshi that opportunities will come if he remains consistent, while also reflecting on India's high-scoring T20I series against West Indies, which ended in a 2-2 draw.
Indian benchmark indices, Sensex and Nifty, experienced declines in early trade due to elevated crude oil prices, escalating US-Iran hostilities, and renewed concerns over a potential US interest rate hike.
Samajwadi Party president Akhilesh Yadav has criticised the BJP government, posing 12 questions regarding the banking sector. He highlighted issues such as recurring bank charges, reduced interest rates, demonetisation's impact, missing locker valuables, and poor working conditions for bank employees, accusing the government of weakening banks and exploiting vulnerable communities.
Sanju Samson smashed 56 off 22 balls to join India's 100-six T20I club as the team became the second nation to cross 2,000 sixes in the format.
The directive comes amid concerns over steep mark-ups on medicines and medical consumables sold at hospital pharmacies.
Active and passive funds offer different advantages across market-cap segments, making a mix of both a sensible portfolio strategy.
India's retail inflation surged to 5.54 per cent in September, primarily due to a significant increase in onion and other food prices, remaining just within the Reserve Bank of India's tolerance band. This marks the highest inflation since the new series with base year 2024 took effect in January.
The National Payments Corporation of India (NPCI) has deferred the implementation of a 0.4 per cent Merchant Discount Rate (MDR) on Person-to-Merchant (P2M) UPI payments above Rs 2,000, originally set for October 15, until after Diwali.
The National Payments Corporation of India (NPCI) has deferred the implementation of a 0.4 per cent Merchant Discount Rate (MDR) on Person-to-Merchant UPI transactions above Rs 2,000. Originally set for October 15, the new date will be announced after Diwali, providing relief to users and merchants, especially during the festive season. The decision came amidst opposition concerns about the levy burdening consumers.
Reserve Bank of India (RBI) Governor Sanjay Malhotra stated that surplus liquidity in the banking system is expected to drain within the current financial year, utilising tools like currency leakage, sell-buy swaps, open market operations (OMOs), and variable rate operations.
Indian benchmark indices, Sensex and Nifty, closed lower on Monday due to elevated crude oil prices, escalating US-Iran hostilities, and concerns over a potential US interest rate hike, impacting investor sentiment.
Abhishek Sharma joined India's 2,000-run T20I club with a blistering 69 off 30 balls, equalling Suryakumar Yadav's calendar-year sixes record and registering his seventh powerplay fifty.
The Indian government has revised its windfall tax on fuel exports, increasing the levy on petrol exports to Rs 2.5 per litre while cutting the duty on diesel exports to Rs 8.5 per litre, effective October 16.
Wasim Jaffer says India missed Rinku Singh's finishing prowess against West Indies, while cautioning against expecting Naman Dhir to bowl four overs and stressing his batting value.
