Speaking at the 59th Annual Economic Forecast Luncheon, Phoenix, Arizona on Wednesday, Governor Waller said the data of the past few weeks have made him more comfortable considering stepping down to a 50-basis-point hike in the upcoming policy meet.
Calling out the Centre over hiked prices, Congress MP Rahul Gandhi on Wednesday slammed the ruling party and said that the prices of essential items were pushed to the higher side.
Pune (Maharashtra) [India], November 10 (ANI/NewsVoir): The fixed deposit has been a trusted, go-to investment for the risk-averse investor, and the recent hike to the FD rates only make it more attractive.
BJP Tamil Nadu president Annamalai condemned the rise in milk prices and said his party will take out massive rallies across the state to protest the increase in rates and articulate the rising public anger against the same.
In this context, Gaurang Somaiya, forex and bullion analyst, MOFSL, said, "The central bank has accumulated these reserves to be utilised in these kinds of situations," and added that investors are on the edge at this point as there are a lot of moving parts which are impacting the market.
Some of the factors that might influence the markets on Monday are policy rate hikes by US Federal Reserve, the Bank of England and the report of the Reserve Bank of India that might come out next week on why it failed in maintaining the inflation mandate.
Leader of Opposition (LoP) of Kerala VD Satheesan on Saturday said that the state Governor's letter to President Droupadi Murmu against the Chief Minister Pinarayi Vijayan was "drama" to divert attention from public issues including price hike.
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.
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.
Pune (Maharashtra) [India], November 4 (ANI/NewsVoir): In response to the 50-basis point hike in the repo rate recently, issuers are now offering higher FD rates. This makes for a great opportunity for investors like you to secure your future. After all, FD rates have a direct correlation wi
Among the Nifty 50 stocks, Hero Motocorp, Divi's Labs, Infosys, Tech Mahindra, and Apollo Hospitals were the top five losers this morning, National Stock Exchange data showed.