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Basis Point

The security profit change of 0.01%. E.g. the decrease of an interest rate from 5% to 4.5%, means the loss of 50 basis points.

News On Basis Point
RBI to pause on Aug 4; 50bps cut likely in 2016: BofA-ML

27-07-2015| Source:PTI

The Reserve Bank is likely to maintain a status quo on rates in its third bi-monthly policy meet on August 4, taking into account "poor rains" and will go for a 50 basis points rate cut

Relaxo Footwear up 8% on strong Q1 nos; raw material falls

27-07-2015| Source:Moneycontrol.com

Gross margins expanded substantially (510 basis points at 59.3 perent Y-o-Y) over fall in raw material costs. Raw material costs fell 3.3 percent at Rs 153 crore in the first quarter of current

OBC cuts short-term deposit rates on select maturities

25-07-2015| Source:PTI

Oriental Bank of Commerce (OBC) has reduced interest on term deposits by 25 basis points on select maturities with effect from July 27.

Sundaram Finance cuts interest rates on deposits by 50 bps

24-07-2015| Source:PTI

Non-banking finance company Sundaram Finance has announced 50 basis points downward revision in interest rates on deposits with immediate effect.

'RBI to stand pat on Aug 4; rate cut by March '16'

23-07-2015| Source:PTI

The Reserve Bank is likely to keep interest rates on hold in the next month's monetary policy meet, but may slash the key lending rate by a 50-75 basis points by March 2016, Morgan Stanley

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