Banks are rushing to woo depositors with attractive rates. These deposit rates may soar further if repo rate rise to 5.75 - 6% by the end of this calendar year. So, what is in the store for investors?
SBI's MCLR rate for overnight to three-month has increased to 7.35 per cent from 7.15 per cent, while six-month MCLR has increased to 7.65 per cent from 7.45 per cent
Power, healthcare, engineering, construction, and roads sectors account for 60% of the total entities whose ratings could potentially be affected
Most banks have revised their external benchmark linked loan rates by 50 bps
CLOSING BELL: Coal India, M&M, Bajaj Finserv, HDFC Bank, Hindalco, Axis Bank, NTPC, L&T, HDFC, Dr Reddy's Labs, RIL, IndusInd Bank, and Apollo Hospitals were the top gainers on the 50-pack index today
The Reserve Bank of India's Monetary Policy Committee has hiked the repo rate by 50 basis point -- taking it above the pre-pandemic level. So how will it impact home loan borrowers, and investors?
RBI's Monetary Policy Committee raised the repo rate to 5.40 per cent from 4.90 per cent, taking the benchmark policy rate to a three-year high
At its current level, the repo rate is at its highest since August 2019
The biggest losers would be the rate-sensitive real estate and two-wheeler sectors, which may see demand coming down
With regard to repo rate actions, if you look at other central banks, 50 bps has become the new normal. And, quite a number of central banks are hiking rates by 75-100 basis points: Shaktikanta Das
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%
Latest news Live updates: Former Congress chief Rahul Gandhi, Priyanka Gandhi Vadra, K C Venugopal, Adhir Ranjan Chowdhury and Gaurav Gogoi were among the MPs detained
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.
Another rate hike predicted for September 2022, even if the quantum is as small as 10 bps
CLOSING BELL: PSU banks were the worst hit today with the Nifty PSB index down 1.75 per cent
In the last policy announcement on June 8, the Reserve Bank of India (RBI) announced a repo rate hike of 50 basis points to take the rate from 4.4 per cent to 4.90 per cent
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Financial market dominance over central banks is a huge problem and challenge, former RBI deputy governor says