A 50-bps hike on a Rs 50 lakh loan of 20-year tenure would increase the EMI by Rs 1,545
The projections of inflation for FY23 are based on the assumption of an average crude oil price of $105 per barrel and a normal monsoon
Slow deposit growth may create funding challenging for lenders in the festival season
To us, the important emphasis was on external stability, which the RBI has clearly placed a lot of importance on
The MPC maintained its hawkish stance, raising the rate to a three-year high
RBI hikes repo rate by 50 bps, keeps FY23 inflation, growth forecasts at 6.7% & 7.2%; home loan rates set to exceed 8%
This transaction is the largest social loan globally, the first social external commercial borrowing (ECB) loan out of India and the largest ECB loan deal from a HFC or private NBFC in India
The Reserve Bank of India (RBI), on Friday, hiked the repo rate by 50 basis points for the second consecutive time to 5.4 per cent
CLOSING BELL: While an in-line repo rate hike of 50 basis points gave ammunition to the bulls, bears tried to drag the indices as inflation projections were maintained for fiscal 2022-23 (FY23)
RBI surges repo rate by 50 bps to 5.4%; 10-year-old bond yields up by 10 bps to 7.25%. Here are all the key points and changes in RBI MPC in August 2022 you need to know.
Manappuram Finance has so far on Friday post RBI rate hike has logged its biggest intra-day gain this year, the stock along with DLF, SBI and Bajaj Auto can rally up to 14 per cent in the near term.
Nifty Bank, Nifty Financial Services, Nifty PSU Bank, Nifty Private Bank and Nifty Realty indices gained up to 1%
The Indian rupee is expected to strengthen against the U.S. dollar at open on Friday as oil prices extended their recent slide to slip to their lowest since February
Drop in bond yields reflects hope of smaller hikes
Ahead of the RBI MPC's statement today, while market participants are certain about a rate hike, there are also growing calls for a shift in the central bank's stance. Read more in our top headlines
On August 4, the Bank of England is expected to raise rates by 50 bps to 1.75 per cent. A Business Standard poll of 10 economists expects the RBI to raise rates by 35-50 bps
CLOSING BELL: PSU banks were the worst hit today with the Nifty PSB index down 1.75 per cent
Ahead of the RBI's monetary policy, most companies are rushing to short-term debt market to raise funds through commercial papers to lock-in lower rates.
From coronavirus cases in India to the proceedings of the Parliament, catch all the latest developments from across the globe here
With Federal Reserve officials signaling a pause is out of the question until they see evidence of inflation easing, RBI watchers will be closely monitoring Governor Shaktikanta Das's remarks