With the US economy having created far more jobs than expected in May and consumer inflation in the country still looming above a comfortable range, its central bank Federal Reserve is unlikely to tinker with policy rates ahead of the much-awaited Presidential election scheduled later this y
The US Federal Reserve, in its latest monetary policy meeting, voted to leave the key interest rate unchanged at 5.25-5.50 per cent, maintaining the policy rate for the seventh straight time on the trot.
Indian markets continued their upward trend and Sensex touched all-time high after the Reserve Bank of India (RBI) announced on Friday that it would keep policy rates unchanged at 6.5 percent and Narendra Modi will again take oath of Prime Minister of India.
The European Central Bank (ECB) cut the key interest rates for the first time in five years on Thursday. It reduced three key policy rates by 25 basis points (100 basis points is equal to 1 percentage point).
The U.S. Federal Reserve released the minutes of the May 1st federal policy meeting on Wednesday. The minutes highlight that the members deliberated on the state of financial markets and economic developments. The discussion highlighted concerns about inflation persistence and the overall
CRISIL's outlook on near term interest rate, expects two rate cuts by Reserve Bank of India (RBI) this fiscal. The outlook of the S&P global company CRISIL estimates real GDP growth of India to moderate to 6.8 per cent in this fiscal from 7.61
per cent last fiscal.
US Federal Reserve Chair Jerome Powell said it was prepared to maintain the current interest rate for "as long as appropriate" so as to align the inflation rate with its 2 per cent target.
The US Federal Reserve, in its latest monetary policy meeting, voted to leave the key interest rate unchanged at 5.25-5.50 per cent, keeping the policy rate unchanged for the sixth straight time on the trot.
The Sensex concludes at 74,248, registering a marginal uptick of 21 points, while the Nifty50 closed unchanged at 22,514 during the Friday's trading session. Notably, gains in stocks like Kotak Bank, ITC, HDFC Bank, Bajaj Finserv, ICICI Bank, IndusInd Bank, and SBI helped cushion the downsid
The Monetary Policy Committee of the Reserve Bank of India (RBI) in its February review meeting is expected to again put a pause on the repo rate, according to SBI Research.
The US Federal Reserve in its January meeting voted to leave the key interest rate unchanged at 5.25-5.50 per cent, keeping the policy rate unchanged for the fourth straight time on a trot.
Delhi-NCR [India], December 19: The Reserve Bank of India (RBI) decided to keep the repo rate steady, as seen in its recent choice to maintain it at 6.5% for the fifth time, which indicates a commitment to economic stability. This deliberate decision has positive effects across various secto