Search For "basis points"
RBI may hike repo rate by 25 bps in ongoing policy meet: Emkay report
Updated : 2 years, 11 months ago IST
The monetary policy committee of the Reserve Bank of India, when it announces the outcome of the ongoing policy meeting on Thursday morning, is likely to hike the repo rate by 25 basis points (100 basis points is equivalent to 1 percentage point), according to advisory firm Emkay Global Fina
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Indian IT sector revenue likely to plunge 700-900 basis points in fiscal 2
Updated : 2 years, 11 months ago IST
The information technology (IT) services sector in India is expected to see a decline in revenue growth by 700-900 basis points (100 basis points is equal to 1 percentage point) in fiscal 2024 amid global macroeconomic and financial sector headwinds, according to a Crisil report.
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Interest rate on small savings schemes for Apr-Jun quarter hiked
Updated : 2 years, 11 months ago IST
The government has raised the rate of interest on various Small Savings Schemes for the first quarter of the financial year 2023-24 starting April 1 (today) by up to 70 basis points (100 basis point is equal to 1 percentage point).
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US Fed further hikes interest rate in fight against high inflation
Updated : 3 years ago IST
The US monetary policy committee, seeking to achieve maximum employment and inflation at the rate of 2 per cent over the longer run, hiked the key interest rate by 25 basis points to 4.75-5.0 per cent at its latest two-day review meet.
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Bank of Baroda increases interest rates on retail term deposits
Updated : 3 years ago IST
Bank of Baroda on Friday announced it will increase interest rates on domestic retail term deposits -- including NRO and NRE term deposits, by 25 basis points on select tenors.
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ECB hikes rates by 50 bps despite financial turmoil
Updated : 3 years ago IST
At a news conference on Thursday, ECB President Christine Lagarde signalled the bank would be cautious about further rate increases, while stressing it stood ready to provide fresh liquidity to banks.
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CRISIL forecasts India's GDP growth at 6 pc in FY24
Updated : 3 years ago IST
On the domestic front, the peak impact of the rate hikes -- 250 basis points since May 2022, which has pushed interest rates above pre-Covid-19 levels -- will play out in fiscal 2024, according to a statement of CRISIL.
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Pakistan's central bank increases interest rate by 300 basis points to 20
Updated : 3 years ago IST
Pakistan's Central Bank increased the interest rate by 300 bps taking the total increase to 1,050 bs since January 2022 to counter rising inflation.
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Pakistan accepts one more IMF condition, agrees to increase interest rate
Updated : 3 years ago IST
Pakistan has accepted another pre-condition of the IMF for the release of USD 1.1 billion in critical funding.
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Repo Rate hike by RBI: Developers expect stability
Updated : 3 years, 1 month ago IST
Delhi-NCR [India], February 21 (ANI/NewsVoir): The Reserve Bank of India (RBI) has announced a repo rate hike of 25 basis points taking the total interest rate to 6.5 per cent. The RBI's decision to raise the rate was driven by concerns about inflation. However, the developers feel that RBI
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RBI Repo Rate Hike: Real Estate Sector Voices for Stability
Updated : 3 years, 1 month ago IST
New Delhi [India], February 10 (ANI/NewsVoir): The Reserve Bank of India (RBI) recently raised its repo rate by 25 basis points, taking the total interest rate to 6.5 per cent. While this is only a nominal increase and is not expected to impact the real estate sector, both residential and co
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Indian stocks rally on a day RBI raises repo rate
Updated : 3 years, 1 month ago IST
In the just concluded three-day monetary policy committee meeting, the RBI decided to raise the repo rate, the rate at which the RBI lends money to all commercial banks, by 25 basis points to 6.5 per cent.
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