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Banking shares, bonds fall as RBI temporarily hikes Cash Reserve Ratio

Banking shares, bonds fall as RBI temporarily hikes Cash Reserve Ratio

Indian bonds and banking shares slumped on Monday after the central bank ordered banks to temporarily boost cash deposits with it in a bid to absorb excess liquidity generated by a government ban on larger notes. 

Demonetisation: Liquidity to stay, interest rates may fall further

Demonetisation: Liquidity to stay, interest rates may fall further

Additional liquidity that is coming into the banking system following demonetisation will not go away in a "hurry" and may pull down interest rates further, the country's largest lender SBI said.

Dollar strongest in 13 years; bond yields rise

The US dollar climbed on Friday to its highest level since 2003 on continued bets on faster inflation and higher interest rates, while Treasuries resumed a selloff that left yields at their highest levels of the year.

Rate hike likely appropriate 'relatively soon': Janet Yellen

Rate hike likely appropriate 'relatively soon': Janet Yellen

Federal Reserve Chair Janet Yellen said Thursday an interest rate increase likely will be appropriate "relatively soon" as long as there is further evidence of progress in the economy.

Axis Bank cuts cost of lending rate by 0.15-0.20% from Friday

Axis Bank cuts cost of lending rate by 0.15-0.20% from Friday

Private sector Axis Bank on Wednesday announced a cut in its marginal cost of fund-based lending rate (MCLR) by 0.15-0.20 percent effective coming Friday.

'Raghuram Rajan too may have cut interest rate like Urjit Patel did'

'Raghuram Rajan too may have cut interest rate like Urjit Patel did'

Flamboyant former Reserve Bank Governor Raghuram Rajan too may have cut interest rates like his successor Urjit Patel did at his every first monetary policy review, said rating agency Fitch.

Dena Bank, SBBJ cut lending rate, effective from November 1

Dena Bank, SBBJ cut lending rate, effective from November 1

Two public lenders Dena Bank and State Bank of Bikaner and Jaipur (SBBJ) today cut benchmark lending rates by up to 0.1 percent.

Dena Bank lowers lending rate by 0.05%s to 9.40%

Dena Bank lowers lending rate by 0.05%s to 9.40%

Under the revised rates, the one-year MCLR has been fixed at 9.40 percent while the most competitive overnight MCLR is 9.15 percent, the Ahmedabad-based bank said in a statement. The revised rates will be applicable from today.

Axis Bank cuts lending rate by 0.05% across tenors

Axis Bank cuts lending rate by 0.05% across tenors

Private sector Axis Bank has cut the marginal cost of fund based lending rate by 0.05 percent across all tenors, effective tomorrow (Tuesday).

PSBs losses may hamper ability to pay interest on bonds: Crisil

A sharp decline in profitability and mounting losses could wipe out the revenue reserves of some PSU banks and hamper their near-term ability to pay interest on the bonds issued to meet Basel III norms, Crisil Ratings said today.

RBI to continue with easing; next rate cut in February: Analysts

RBI to continue with easing; next rate cut in February: Analysts

A day after the monetary policy committee (MPC) debuted with a surprise 0.25 percent cut in rates, analysts today said the Reserve Bank will continue with the accommodative stance but the next action can come only in the February review.
 

RBI Governor Urjit Patel's debut monetary policy review: All you need to know

RBI Governor Urjit Patel's debut monetary policy review: All you need to know

Know the key highlights of RBI's fourth bi-monthly monetary policy statement, 2016-17.

First Monetary Policy Committee meeting begins; RBI may opt for status quo on rate

First Monetary Policy Committee meeting begins; RBI may opt for status quo on rate

As the newly-constituted Monetary Policy Committee (MPC) started its first meeting Monday to fix the benchmark interest rate, experts said RBI may opt for status quo and wait for further easing of inflation.

BOJ overhauls policy focus, sets target for government bond yields

BOJ overhauls policy focus, sets target for government bond yields

The Bank of Japan made an abrupt shift on Wednesday to targeting interest rates on government bonds to achieve its elusive inflation target, after years of massive money printing failed to jolt the economy out of decades-long stagnation.

World stocks hit one-year highs as Fed hike prospects fade

World stocks hit one-year highs as Fed hike prospects fade

 World stocks hit their highest in more than a year and the dollar fell against the yen on Wednesday as expectations of a rise in Federal Reserve interest rates receded after weak US economic data.

Gold, silver strengthen on heavy stockist demand, global cues

Gold, silver strengthen on heavy stockist demand, global cues

Gold strengthened further at the domestic bullion market today on sustained buying interest from stockists and retailers amid strong global cues.

October rate cut 'alive' if August CPI is at 5%: Citigroup

October rate cut 'alive' if August CPI is at 5%: Citigroup

August CPI inflation is likely to fall sharply to 5 percent mainly because of correction in vegetable and pulse prices, which in turn will open up the possibility of a 25 bps rate cut in the upcoming policy review, says a Citigroup report.

Raghuram Rajan warns against low rates worldwide

Raghuram Rajan warns against low rates worldwide

Maharashtra: India`s outgoing Central Bank Chief Raghuram Rajan warned countries against a rush to low interest rates as his tenure as governor of the Reserve Bank of India came to an end. 

Urjit Patel as RBI Governor indicates policy continuity: Nomura

Urjit Patel as RBI Governor indicates policy continuity: Nomura

The appointment of Urjit Patel as the next RBI Governor signals government's preference for policy continuity and commitment to low inflation, says Japanese financial services major Nomura.

Bankers says cheaper money still some time away

Bankers says cheaper money still some time away

Ruling out any immediate transmission of rates despite RBI chief Raghuram Rajan blaming them of passing benefits "only modestly", bankers on Tuesday said interest rates will fall once credit growth picks up.