Washington [US], September 16 (ANI): As central banks across the world simultaneously hike interest rates in response to inflation, the world may be edging toward a global recession in 2023 and a string of financial crises in emerging markets and developing economies that would do them lasti
New Delhi [India], September 13 (ANI): Faced with elevated retail inflation in August, the Reserve Bank of India is expected to raise interest rates in the range of 35-50 basis points in its next monetary policy committee meeting, said SBI Research.
New Delhi [India], September 7 (ANI): Indian stocks started Wednesday's trade on a negative primarily due to a lack of any positive cues coupled with a strong likelihood of aggressive rate hikes in the US as indicated by the Federal Reserve.
Mumbai (Maharashtra) [India], August 29 (ANI): The Indian stock market's key indices, Sensex and Nifty, crashed by around 1.5 per cent on Monday dragged by heavy selling in IT stocks after the US Federal Reserve signalled aggressive rate hikes.
New Delhi [India], August 25 (ANI): Strong growth prospects for the Indian economy will provide the Reserve Bank of India (RBI) with more room for further interest rate hikes, DBS Group Research said in a report on Thursday.
Mumbai (Maharashtra) [India], August 22 (ANI): LIC Housing Finance Ltd, a leading housing finance company in India, on Monday announced 50 basis points increase in lending rates following the Reserve Bank of India's recent decision to hike policy repo rate.
Mumbai (Maharashtra) [India], August 20 (ANI): The Indian stock market's benchmark Sensex has rallied over 4,200 points in the last one month. The index had gained for eight consecutive sessions prior to Friday's decline. This was the longest winning streak in almost two years. Will the bull
New York [US], August 20 (ANI/Sputnik): Wall Street on Friday fell broadly for the first time in five weeks amid speculation that the Federal Reserve could embark on another major interest rate hike for September in a bid by the central bank to keep up with its fight against inflation.
Mumbai (Maharashtra) [India], August 18 (ANI): The Indian stock market's benchmark Sensex closed 38 points higher in a volatile session on Thursday as the US Federal Reserve signalled a slowdown in the pace of future rate hikes.
Colorado [US], August 8 (ANI): The US Federal Reserve Governor Michelle W. Bowman said another "similarly-sized" - 75 basis points -- increase in key interest rates should be on the table until the economy sees inflation declining in a "consistent, meaningful, and lasting way".
Mumbai (Maharashtra) [India], August 6 (ANI): Canara Bank has decided to hike its repo rate linked lending rate by 50 basis points or 0.50 per cent to 8.30 per cent with effect from August 7.
Mumbai (Maharashtra) [India], August 5 (ANI): The Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday said 50 basis points or 0.50 per cent hike in policy rates has become a new normal for the central banks across the world.