The forthcoming elections are expected to decide the future course of Turkey's economy which is in a bad shape due to Erdogan's unorthodox policy of low-interest rates that caused inflation to run out of control and the value of the Turkish lira to plummet.
Pakistan's major debt sustainability indicators have witnessed marked deterioration during the first half of this fiscal year in the middle of steep currency devaluation and interest rates hikes, revealed a semi-annual debt bulletin of the finance ministry, The Tribune reported.
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).
"U.S. stock indexes finished sharply higher on Wednesday, helped by a rally in technology shares and easing concerns about stress in the banking sector. Appetite for risk was evident on Wednesday as investors were more relaxed about the health of the bank sector and the prospects for the
New Delhi [India], March 29 (ANI/ATK): In today's unpredictable market, it is important to plan ahead for your financial goals and future. That's why investing in a fixed deposit (FD) can be a smart move for those looking to earn higher returns on their savings. Several NBFCs and banks offer
New Delhi [India], March 28 (ANI/PNN): 2022 has been shaped by persistent Corona restrictions in some markets, inflationary pressures with a resulting turnaround in interest rates, a cooling global economy and, above all, the war in Ukraine. In the midst of these global challenges, Hafele SE
The Central Board of Employees' Provident Fund Organisation (EPFO) has recommended an 8.15 per cent interest rate to be credited on provident funds for the financial year 2022-23.
The Reserve Bank of India (RBI) is expected to pause their interest rate hike and the current 6.5 per cent repo rate could be the terminal rate for now, said SBI Research in its latest Ecowrap report.
Pune (Maharashtra) [India], March 24 (ANI/BusinessWire India): Bajaj Markets has partnered with Upwards, an RBI-registered NBFC, to provide personal loans of up to Rs 5 Lakhs. These personal loans come with interest rates ranging between 1.50 per cent and 2.50 per cent per month on Bajaj Mar
Largely, the fall is in line with weakness in the US markets, which are volatile as the US Federal Reserve further hiked interest rates to bring down inflation to its target even as volatility in the banking system continued due to the recent collapse of some banks.