PRIME LENDING RATES
China cuts benchmark lending rate to prop-up virus-hit economy
The five-year LPR was lowered by 5 basis points to 4.75 per cent from 4.80 per cent.
China cuts medium-term rate to soften coronavirus hit to economy
The cut helped Chinese stock markets rally, which in turn lent support to ot...
Australia, NZ shares close at record highs
The S&P/ASX 200 index closed 0.3 per cent higher at 7,162.5.
China cuts loan rate as it battles coronavirus impact
The outbreak is threatening to put a dent in the global economy, with China paralysed by vast quarantine measures and major firms such as iPhone maker Apple and mining giant BHP warning it could damage bottom lines.
China stocks find footing on rate cut, policy support hopes
The Shanghai Composite index ended 1.8 per cent higher at 3,030.15.
View: Banking sector may meet telcos' fate. Here's how to avert it
The telecom story can be a precursor to other sectors, especially banking and financial services.
India using yield curve control as rate cuts fail to deliver
RBI is managing yields to keep borrowing costs in check after rate cuts failed to spur lending.
Best corporate bond mutual funds to invest in 2020
As per Sebi mandate, corporate bond funds must invest at least 80 per cent of their corpus in the highest-rated corporate bonds.
View: The market may start asking if the next interest rate move depends on the state of GoI’s finances
What matters more when deciding rates — growth-inflation dynamics or govt finances? As of now, it's a blur.
Euro edges lower on economic pessimism, Aussie hit by rate outlook
Financial markets clung to tight ranges following a US public holiday on Monday.
Rs 1.94 lakh crore bid for Rs 25,000 crore long-term repos
The pro-rata allotment set by the RBI was at 12.86 per cent.
Financial companies likely to face difficult operating environment: Fitch
Slower growth will likely intensify asset-quality tensions particularly for NBFCs, real estate and lending to SMEs.
Existing bank loans turn cheaper, a year after the beginning of rate cut cycle
The transmission has been slow for new loans even as RBI cut the benchmark policy rate by 135 basis points since February 2019 but it was non existent or negative for existing borrowers. Some existing borrowers had paid monthly instalments at higher rates during the same period.
PBOC to offer first batch of re-lending funds today
The central bank had earlier said it would ensure funds are directed to production and business activities related to combating the coronavirus.
Gold rate today: Gold slips on positive US macro data; virus scare lends support to silver
Gold futures were down 0.18 per cent to 40,672 per 10 grams.
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