Jefferies expects FMCG, power utilities and pharma to be good defensives amid volatile markets while NBFC, realty, metals and industrials could be more vulnerable
A daily round-up of the most interesting articles to help jump-start the day.
The rates have been raised after keeping them unchanged for nine consecutive quarters.
I think investors should look at fundamentally strong businesses to play this market...and investors should be in equities with a relatively long term horizon, he said.
Despite facing a slumping currency, tight labor market and inflation near its highest in four decades, officials decided against acting more boldly as large hikes threaten to tip the economy into recession.
The decision, which was unanimous, takes the target range for the benchmark federal funds rate to 3% to 3.25% -- the highest level since before the 2008 financial crisis
The coal ministry has amended the Mineral Concession Rules, 1960 (MCR) aimed at decriminalising its provisions.
The aggressive rate hikes will dampen demand and increase the possibility of a recession in the US. This could accelerate the pace of capital outflows, weaken the rupee and raise the threat of imported inflation.
The founder-editor of Grant’s Interest Rate Observer spoke about the fantasy world created by teensy rates
The responsibility of central bankers to deliver price stability is unconditional.
Central bankers, policymakers and economists will discuss monetary policies and constraints that will define them
In a report, the Germany-based bank said the RBI will respond with a slower pace of rate hikes from here, basing the expectation on the recently released minutes of the last meeting of the Monetary Policy Committee (MPC).
The increase in lending rate comes days after the Reserve Bank of India hiked its benchmark lending rate by 50 basis points to tame inflation.
The increase in lending rate or the repurchase rate (repo) by 50 bps to 5.40 per cent is 25 bps higher than the pre-pandemic repo level.
India's loan growth may have recovered from single digit but the credit-to-deposit ratio shows there is a long way to go
The latest default is on the interest of securities issued for a sum of Rs 40 crore. FEL has defaulted on interest payment for the period between June 24, 2021, to June 23, 2022, it said.
The solution is simple. Developed nations should unleash the flood of pent-up capital to help emerging economies fund their decarbonisation efforts
Although the government has room to further reduce excise duty on petroleum products to contain inflation from the fiscal side, emphasis will be on monetary policy to control price pressures, they added.
The decision comes in the backdrop of consumer price inflation hitting 8.6 percent in May, the highest since 1981, as energy and food costs surged.
The weighted average lending rate charged by the banking industry as issuers of credit cards, as calculated by RBI, is currently 30.51% on an annualised basis when you roll over your credit card dues to the next month. It is currently the highest rate charged in the formal economy.
Fed Funds futures are pricing in a 75 bps hike in one of the meetings till September
Companies could be hurt by the rising cost of money and input cost pressures that are crimping their profit margins
Earlier in March this year, the EPFO had decided to lower the interest on provident fund deposits for 2021-22 to 8.1 percent from 8.5 percent provided in 2020-21.
Emerging mutual fund categories like target maturity funds, floating rate funds, as well as traditional investments now offer more options to investors
The rationale is two-fold: securing current yield of a decent magnitude and of marginalising the effect of interest rate changes