RBI said inflation in the second half of the current fiscal is projected at 2.7-3.2%. It retained its GDP forecast for the current fiscal at 7.4%
Aggressive buying towards the end saw the index zoom to a high of 15,569 - up 344 points from the day's low. The Sensex finally ended with a smart gain of 290 points at 15,551.
Getting out of the zero-rate armchair was overdue, and many in the market will be glad it has finally happened
Look at effective interest rate on home loan offers. Availing of ICICI Bank's cashback offer will mean you lose the flexibility to switch or prepay the loan, reports Sanjay Kumar Singh
The Bank Rate (6%), Repo Rate (7.75%) and Reverse Repo Rate (6%) have all been left unchanged in the half-yearly review of the monetary policy on Tuesday.
Raghuram Rajan on Tuesday said the central bank cannot ask them to lower the rates.
Further hike will depend on the RBI's assessment
Reserve Bank of India Governor Yag Venugopal Reddy presents the First Quarter Review of Annual Statement on Monetary Policy for the Year 2006-07.
Lending rates have to be sensitive to the policy rate, says RBI.
In a free-wheeling interview with Business Standard, Reddy discusses a range of issues -- from corporate exposure to stock markets to asset bubbles -- in certain sectors.
The government is closely watching the movement of prices of five essential items -- steel, cement, sugar, wheat and rice -- besides that of oil in the global market despite inflation dropping to over a two-year low of 3.35 per cent, Finance Minister
Home loans of up to Rs 75 lakh (Rs 7.5 million) would now be available to fresh borrowers at 10.10 per cent against the existing rate of 10.15 per cent, State Bank of India said in a statement.
Policy rates have been reduced substantially in 2015.
Finance Minister P Chidamabaram on Thursday indicated that the increase in reverse repo announced in the Reserve Bank of India credit policy will not raise bank lending rates and allayed fears on inflation by promising steps to ensure
The Reserve Bank of India on Tuesday left all the key interest rates unchanged in the first quarterly review of the monetary policy.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, will answer your queries.
Volkswagen may also have to compensate customers for misleading them about a car's performance.
State Bank of India on Friday reduced its deposit rates by 0.25 per cent, making it the third bank after private sector rivals, ICICI Bank and HDFC Bank, to reduce deposit rates this week.
Highlights of the third quarter review of the monetary
Investors need to identify banks which have a proven track record of growth mainly in terms of their advances.
Meanwhile, for the fortnight ended March 20, deposits grew 11.42% y-o-y.
Two days after the repo rate cut, the Reserve Bank of India governor Bimal Jalan on Monday said the soft interest rate bias will continue.
Exiting income funds at this stage and booking losses might prove to be the perfect recipe for disaster.
The following are the highlights of the mid-term review of Monetary and Credit Policy for the year 2003-04.
The Federation of Indian Export Organisations welcomed the RBI's decision to cut repo rate and said it would augur well for the exports, while asking for slashing rupee credit by 1.0-1.5% in view of the appreciating domestic currency.
Expecting the Reserve Bank of India to maintain stable and soft interest rates in credit policy, State Bank of India on Wednesday hinted at further cut in home and consumer loan rates.
Reserve Bank of India Governor Bimal Jalan on Wednesday said the apex bank's stance on soft interest rate environment will continue while it will remain flexible for repo rate.\n\n\n\n
Even as the market continued steady, key tech stocks slipped into the red after a solid start in the morning. But the market was held up by buying in Old Economy and defensive sector stocks.
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