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Interest Rate

The monthly effective rate paid (or received if you are a creditor) on borrowed money. Expressed as a percentage of the sum borrowed.

News On Interest Rate
USDINR likely to trade on positive note: Sushil Finance

28-07-2015| Source:Moneycontrol.com

According to Sushil Finance, USDINR is likely to trade on the positive note on the back of U.S. interest rate outlook.

Gold stuck near 5-1/2 year low as Fed rate hike looms

28-07-2015| Source:Reuters

Gold hovered near its weakest level since early 2010 on Tuesday, reflecting investor hesitation to bid up bullion amid growing expectations of a near-term hike in US interest rates.

Govt says to consult on RBI on new monetary policy panel

27-07-2015| Source:Reuters

Jayant Sinha's comments come days after the finance ministry published draft legislation that proposes to reduce the RBI's influence in setting interest rates.

'Govt to take view on Financial Code after public comments'

27-07-2015| Source:PTI

The draft had proposed taking away Reserve Bank chief's authority to veto the interest rate decision of the central bank's monetary policy committee.

Gold holds above 5-1/2 year low, but more weakness seen

27-07-2015| Source:Reuters

The Fed will hold a two-day meeting that ends on Wednesday at which policymakers are likely to send more signals pointing to a rate rise later in the year as the US economy strengthens

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