Rates

India’s GDP slips to seven-quarter low of 5.4% in Q2

The performance was much below the MC poll of 11 economists, which had pegged median growth at 6.5 percent

RBI to hold the policy rate in October meeting; 25 bps cut likely in December: MC Poll

Of the 18 economists polled by Moneycontrol, just three predicted the possibility of a 25 bps rate cut in the October meeting of the Monetary Policy Committee

GST collections up 10.3% at Rs 1.82 lakh crore in July

The numbers were higher than the previous month but lower than the GST mop-up in April

High inflation, better industrial growth will aid RBI in holding rates higher for longer: Economists

Food inflation risks persist, can hurt rural recovery, consumer goods growth and rate trajectory, economists said.

RBI likely to hold rates until mid-year, first cut in Q3 2024: Reuters poll

RBI will keep its key interest rate at 6.50% on February 8, according to Reuters experts, who expect the central bank to leave rates unchanged until at least July, a longer period than some developed market central banks.

Onion prices in Delhi's retail mkt rise to Rs 65-80 per kg; Centre selling at Rs 25/kg from buffer stock

Local vendors are selling onions at Rs 80 per kg. Mother Dairy was selling onions at Rs 54-56 per kg on Wednesday and now the rates have touched Rs 67 per kg.

Stocks slip as Treasuries graze 5%, Middle East war rages

Investors are juggling two competing themes in the market right now – that of an outlook of sky-high interest rates for an extended period of time, and that of a war with the potential to upend global geopolitics.

Financials lead slide in Indian shares; oil prices, US rates woes weigh

The NSE Nifty 50 index closed 0.71% lower at 19,671.10, while the S&P BSE Sensex fell 0.83% to 65,877.02.

ECB’s razor-edge decision rests on price outlook

Updated projections for the euro zone through 2025 are now the most crucial input as officials choose to either pause their unprecedented monetary-tightening campaign or lift the deposit rate to a record 4%.

Gold set for best month in four as rate-hike cycle nears end

Recent data showing signs of cooling inflation in the United States has raised expectations that the Federal Reserve was closer to ending its fastest rate hiking cycle since the 1980s.

Gold drops Rs 150 to Rs 60,200/10 gm; silver slumps Rs 300

Comex gold fluctuated within a narrow range as traders awaited the outcome of the Federal Reserve and the European Central Bank policy meetings.

Gold holds near one-year highs as Fed seen pausing rates

Spot gold fell 0.2% to $2,035.49 per ounce by 0935 GMT, with prices holding just below last session’s highs since March 9. U.S. gold futures fell 0.3% to $2,049.40.

India may be in final phase of interest rate hikes, says Dron Capital Advisors

Pathik Gandotra, Partner at Dron Capital Advisors, believes interest rates have peaked across the world and even India may be in the final leg of its rate hike cycle.

Dollar hits 3-month high as Jerome Powell flags higher rates

Higher rates benefit the dollar by improving its yield and as traders look for safety while global stock markets drop.

First time in many years, fixed deposit rates turn positive at 8%

Banks are forced to offer inflation-beating deposit rates for a tenor ranging from 200 to 800 days as credit growth has been far outpacing deposit mobilization throughout this fiscal, leading to a funding crunch.

Dollar powers to six-week peak on expectations rates will rise

Data on Thursday showed the number of Americans filing new claims for unemployment benefits unexpectedly fell last week, and that monthly producer prices increased by the most in seven months in January.

Expect custom, cargo movement clearances to start on ULIP platform in 2-3 quarters: TCI's Vineet Agarwal

TCI has already tested some of the application programming interfaces (APIs) available on ULIP.

Bank of England hikes rates by half-point to tame inflation

The bank’s monetary policy committee voted 7-2 to push its key rate to 4%, approving the 10th consecutive rate increase since a post-pandemic surge in the world economy and Russia’s war in Ukraine drove inflation to 40-year highs.

CREDAI seeks hike in deduction limit on home loan interest to Rs 5 lakh in next year's budget

The interest rates on home loans have gone up by around 2 percentage points in the last seven months, to around 8.5 per cent following the hike in repo rates by 225 basis points since May.

Dollar kept aloft by higher Fed rates bets, RBA rate hike lifts Aussie

The Australian dollar perked up from near one-week lows after the Reserve Bank of Australia (RBA) raised rates for the eighth time in as many months.

MC Interview | We aim to diversify our business to generate a third of our revenue from non-road segment in the next five years: TCI MD Vineet Agarwal

Agarwal said that his company plans to invest Rs 200-250 crore as capital expenditure to boost capacity of its non-road assets in the next four years. Most of that will be used to acquire new ships, containers and working assets, and for the construction of warehouses.