Search For "basis points"
After significant rate hike, Pak govt has to pay heavy price for borrowing
Updated : 3 years, 3 months ago IST
The State Bank of Pakistan's (SBP) decision to hike its key policy rate by 100 basis points to a 24-year high of 16 per cent has created a new problem for Islamabad as it has to pay a heavy price for borrowing after the rate hike.
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US Fed signals slowdown in policy rate hikes
Updated : 3 years, 4 months ago IST
For the record, the US Federal Reserve on November 3 raised key interest rates in its fight against red-hot inflation in the country. It raised the key policy rate by 75 basis points to over a decade high at 3.75-4.0 per cent. Notably, this was the fourth consecutive hike of such magnitude.
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RBI likely to further hike repo rate by 45 to 50 basis points, says Punjab
Updated : 3 years, 4 months ago IST
Reserve Bank of India will hike the repo rate by 45 to 50 basis points, Punjab and Sind Bank Managing Director Swarup Kumar Saha on Saturday as the Bank of England has increased its interest rate. Punjab and Sind Bank is expecting a hike of 50 basis points in the Repo Rate.
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Indian markets gain; Sensex up 113 pts; Nifty up 64 pts
Updated : 3 years, 4 months ago IST
The volatility in the stock market on Friday was seen after the US Federal Reserve announced hike in the policy rates and thereafter by the Bank of England by 75 basis points.
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Bank of England raises bank rate, the highest in 30 years, to combat infla
Updated : 3 years, 4 months ago IST
The updated projections of the Monetary Policy Committee (MPC) of the Bank of England for activity and inflation described a very challenging outlook for the UK economy, as set out in the accompanying November Monetary Policy Report.
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With 6.8 per cent GDP growth in 2022 India to remain fastest growing econo
Updated : 3 years, 5 months ago IST
New Delhi [India], October 11 (ANI): The International Monetary Fund (IMF) has lowered India's GDP growth forecast for the current year by 60 basis points to 6.8 per cent. However, despite the slowdown, India would maintain its position as the fastest-growing major economy in the world. Read More
Bajaj Finance raises fixed deposit interest rate up to 30 bps| Earn higher
Updated : 3 years, 5 months ago IST
Pune (Maharashtra) [India], October 7 (ANI/NewsVoir): Following the recent repo rate change, Bajaj Finance has good news for all investors looking to invest their money in safe and secure investment options. Interest rates on Fixed Deposits have been boosted by up to 30 basis points, allowin
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RBI weighs in favour of sustainable economic growth, hikes rates to a 3-ye
Updated : 3 years, 5 months ago IST
New Delhi [India], October 4 (ANI/PNN): RBI's monetary policy committee (MPC), which determines interest rates, opted to raise the policy repo rate by 50 basis points to 5.9 per cent with immediate effect. This decision was taken after three days-long sessions that concluded on September 30.
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Indian equities snap 7-day losing streak; Sensex surges 1,017 points
Updated : 3 years, 5 months ago IST
Mumbai (Maharashtra) [India], September 30 (ANI): The Indian stock market's benchmark Sensex surged by over 1,000 points on Friday after the Reserve Bank of India (RBI) hiked the policy repo rate by 50 basis points, which was largely expected by the markets.
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Sensex surges 1,200 points as RBI hikes repo rate 50 bps on expected lines
Updated : 3 years, 5 months ago IST
Mumbai (Maharashtra) [India], September 30 (ANI): The Indian stock market's benchmark Sensex surged by more than 1,200 points in the intra-day on Friday after the Reserve Bank of India (RBI) hiked the policy repo rate by 50 basis points, which was largely expected by the market.
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RBI hikes repo rate by 50 bps to 5.90 pc, inflation projection retained at
Updated : 3 years, 5 months ago IST
Mumbai [India], September 30 (ANI): The Reserve Bank of India (RBI) on Friday hiked repo rate by 50 basis points to 5.90 per cent in order to control the rising inflation, keeping in line with the aggressive policies of central banks and the volatile markets prevalent across economies. Read More
Indian markets open in negative territory during morning trade
Updated : 3 years, 5 months ago IST
Mumbai [India], September 30 (ANI): Indian markets on Friday were volatile and in negative territory during the morning trade. At 9.25 IST, the 30-share Sensex fell 0.33 per cent to 56,224 while Nifty was down 0.31 per cent to 16,786, as market participants track global cues and wait for RBI
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