Part Panglossian, part practical, Governor Shaktikanta Das soldiers on
Tomorrow, Das will complete a year at the helm of RBI. Here's looking back at that turbulent one year.
S&P to cut India's sovereign rating if economic slump persists
The agency, however, has maintained a BBB- rating for India, which is its lowe...
Rising GST rates will aggravate economy further: Arvind Subramanian, former CEA
The former CEA Arvind Subramanian feels that individual incom...
Reserve Bank of India February rate cut on a knife's edge: Poll
But the central bank acknowledged there was room for further cuts.
View: One key reason why Fed should cut interest rates today
US economy started flashing recession signals in 2019, forcing the Fed to cut rates 3 times.
Benchmark yield hits 12-week high on S&P's downgrade warning
Benchmark bond yield gained five basis points to close at 6.76 per cent on Wednesday.
Next rate cut depends on how teary-eyed onion leaves RBI
RBI was widely expected to cut interest rates at last week's policy, which would have made it into a sixth consecutive cut in as many policy reviews in 2019 to boost the sagging growth, that has dipped to a six-year low. "We advise investors to track onion prices to time the next rate cut by RBI," Bank of America Securities said.
RBI may be done with rate cuts, swap markets show
“Market participants are now focusing on inflationary pressures and fiscal slippage.”
RBI urges government to cut rates on small savings schemes
The RBI has urged the government to move forward on reducing interest rates on small savings schemes such as public provident fund (PPF) and post office deposits, to help banks pare rates on deposits and loans and lead to a better transmission of the central bank’s rate cuts.
Union Bank of India cuts MCLR by up to 10 bps across tenors
After the cut, Union Bank of India's one year MCLR now stands at 8.2 percent, down from 8.25 percent. According to a press release issued by the bank, the new rates will be effective from 11 December, 2019.
Pharma companies seek hike in drug rates under price control
Chinese API imports turn 200% costlier, making production costlier in India. Over 70% of the country’s total bulk drug requirement comes from China. These bulk drugs or active pharmaceutical ingredients (API) are used in producing medicines, including essential items like antibiotics, vitamins and folic acid.
UCO Bank cuts MCLR by 10 basis points across tenors
The revised one-year MCLR now stands at 8.30 per cent, down from the existing 8.40 per cent, the state-run lender said in a release.
US Federal Reserve keeps rates steady, signals no change in 2020
The Fed said it will continue to monitor the implications of data for the economic outlook.
Bank of India cuts one-year MCLR rates by up to 20 bps
This makes the SBI rates the cheapest and this is the eighth consecutive lending rate reduction by the largest lender since the beginning of the fiscal.
Global airlines cut 2019 profit forecast over trade tensions
IATA cut full-year net profit forecast to $25.9 billion, a 5.1% decline from 2018.
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