Page 8 - Interest Rates

Yen jumps vs USD after BOJ rate check, hints on intervention, US PPI data

In a rate check, central bank officials call up dealers and ask for the price of buying or selling yen. However, actually intervening to support the currency would be a larger step.

IMF looks at ways to help countries affected by global food shock

About 50 nations meet the criteria, with 20 to 30 being in need "immediately," Georgieva said

RBI's expected soft landing for India means fast, if not fastest, growth

Economists see Reserve Bank of India Governor Shaktikanta Das and his monetary policy panel colleagues to begin dialing down the pace of interest-rate hikes this month

S&P affirms State Bank of India's 'BBB-' rating on improving asset quality

The rating agency also affirmed the short-term issuer credit rating 'A-3' and maintained stable outlook for the rating

Tax payments: spurt in quarter-end activity may squeeze liquidity further

Interest rates on term deposits, money market instruments could go up further, even as RBI may conduct repo operations to maintain liquidity in the system

Gold gains as dollar dip staves off some pressure from rate hike prospects

Spot gold rose 0.5% to $1,716.30 per ounce by 1:55 p.m. ET (1755 GMT), after rising to its highest since Aug. 30 earlier in the session. U.S. gold futures settled 0.5% higher at $1,728.6

Stock mkt still in a bear phase; see bumpy road to recovery: Goldman Sachs

One of the three key reasons why a genuine bear market trough has not yet been reached, according to them, includes their belief that inflation and interest rates still have more room to rise

Oil slides to 7-month low on renewed demand fears, rate hike expectations

Brent crude futures fell $1.08, or 1.2%, to $91.75 a barrel by 0644 GMT after slipping 3% in the previous session. The contract hit a session low of $91.20, the lowest since Feb. 18

Amid inflation, global bonds enter their first bear market in a generation

Soaring inflation and the steep interest-rate hikes deployed by policy makers in response have brought to an end a four-decade bull market in bonds

Gold drops below $1,700 against stronger dollar, interest rate hike bets

Gold prices fell below the key $1,700 level on Thursday for the first time since July, as a rising dollar and expectations for aggressive interest rate hikes eroded its appeal

Japan regulator to enhance bank surveillance as foreign interest rates rise

The current round of aggressive foreign interest rate rises has caught major Japanese banks off guard

China announces 234 arrests in provincial banking scam promising high rates

Authorities in central China on Monday announced the arrests of 234 people involved in a scam to bilk people out of their savings with the false promise of high interest rates on deposits in obscure rural banks. The scandal drew national attention after investors seeking answers about where their money went were prevented from reaching the Henan provincial capital of Zhengzhou when the health status displayed on their mandatory COVID-19 cellphone apps was suddenly changed to red, preventing them from traveling. Multiple bank customers interviewed by the AP said they had been interrogated and threatened by police. Another attempt in July was met by gangs of unidentified men in white shirts who attacked depositors while police stood by. The statement from the Xuchang city government said the alleged mastermind, Lu Yiwei, and his associates had taken control of four county-level banks and lured investors with promises of interest rates as high as 18% annually. At present, the public

Indian markets slide on US Fed's hawkish tilt; Sensex down 861 points

Experts say any fall in US equities could reflect in the domestic markets as well

BofA's new target: Nifty50 to trade in 17,000-19,500 range this year

Brokerage has revised the mark upwards for the second time this month

ICICI, Axis, IDFC First Bank hike deposits rate for above Rs 2 crore

Hike rates after credit growth expands 15.3%

India's economic indicators give conflicting signs of recovery in July

Demand for Indian goods and services softened, a cross-section of high-frequency indicators compiled by Bloomberg News showed

High interest rates do not deter home buyers, says BoB research report

High interest rates does not impact the demand for housing as individual home buyers are aware that it may move up and down during the tenure of their loan, said a research report by Bank of Baroda. The borrowing rates are on the rise since May this year after the Reserve Bank of India (RBI) effected first hike in the benchmark lending rate. The repo rate has increased by 140 basis points since May. The report on 'Housing loan scenario in India' said the housing segment has shown resilience post pandemic. The strong momentum in housing loans by both Public Sector Banks (PSBs) and other financial institutions also points to the same. The government and RBI measure to support this sector, along with lower prices and interest rates helped cushion the impact of the Covid-19 pandemic on this sector. With normalisation of economic activity and a pickup in growth, demand for housing is poised to grow, suggesting more demand for housing loans, said the report authored by Aditi Gupta, ...

Inflation, rates may hit $114-billion firm debts: Standard and Poor's

'Deterioration in credit profile may not lead to large-scale defaults even in stressed scenario'

Rising interest rate trend has made liquid funds attractive: Experts

Investors entering the market now can expect above 5% return at low risk, better than parking money into a savings bank account

Should India go for bond issue to tap NRIs, other overseas investors?

The crucial issue is what should be the interest rate to attract overseas investors, mainly Indians to take part in it