Four Fed presidents spoke Tuesday, and all indicated an interest rate hike could be considered in March. "All are on the same page, including hawks and doves, and especially Dudley," said Tom Simons, money market economist at Jefferies.
New York Fed President William Dudley, among the most influential US central bankers, said on CNN that the case for tightening monetary policy "has become a lot more compelling" since the election of President Donald Trump and a Republican-controlled Congress.
In the recent monetary policy meeting conducted on February 8, RBI Governor Urjit Patel said that one of the main reasons for not cutting the policy interest rates is core inflation being sticky.
"The Labour Ministry and the Finance Ministry (view) is the same. There is no difference on 8.65 percent rate of interest on EPF. It is in the process and I will pursue it personally," Dattatreya told PTI.
The Reserve Bank of India (RBI) on Wednesday, February 8, 2017, surprised the market by keeping the repo rate unchanged at 6.25% in its monetary policy review. This has disappointed the market in general R
The Reserve Bank of India (RBI), on February 8, 2017, kept its policy rate unchanged at 6.25%. This decision has been greeted with surprise, by the real estate fraternity. â€œWhile the recent demonetisation drive R
In its first monetary policy review in 2017, on February 8, the Reserve Bank of India (RBI) has decided to keep key rates unchanged. Accordingly, the repo rate at which it lends to the R
The change in the Reserve Bank's monetary stance from 'accommodative' to 'neutral‘, which essentially hints the chances for future rate cuts are limited. But bankers suggest otherwise.
The Reserve Bank of India (RBI) today declared its interest rate decision. Below are the key takeaways from the policy.
The Reserve Bank of India has kept the key policy rate unchanged at 6.25 percentage points for the second time in a row.
The Reserve Bank of India (RBI) in its monetary policy meeting will announce its latest decision on interest rates, where it is expected to maintain status quo or cut the repo rate by 25 basis points (bps) to 6 percent.
As the RBI Monetary Policy Committee meets on February 7-8 for next bi-monthly credit policy, Assocham has impressed upon the central bank and the Finance Ministry "to ensure adequate transmission of cuts in the interest rates".
According to the global financial services major, there is room for an accommodative policy stance by RBI next week, although the scope for further rate cuts is unlikely given global price developments.
Total demand for gold -- whose twin drivers are jewellery and investment buying -- advanced 2 per cent to 4,309 tonnes compared with 2015, London-based industry body WGC said in a report.
With large allocations for agriculture, rural road infrastructure, skill development and electrification schemes, this Budget has the potential to change the face of â€˜Bharat‘ â€“ the India beyond our cities, say Pawan Munjal, Chairman, CEO & Managing Director, Hero Motocorp.
According to global financial services major Citigroup, the RBI's timing remains uncertain, but the possibility of a 25 bps rate cut is high in the near-term.
On his Budget takeaways, Abhay Laijawala, Head of India Research at Deutsche Equities says the stand out has been the Finance Minister‘s ability to balance all compulsions and sticking to path of fiscal consolidation for the third consecutive time. International investors as well as global rating agencies will view this credibly, he says.
The Fed said in a statement ending its latest policy meeting today that the job market has continued to strengthen, inflation has climbed closer to its 2 percent target and economic activity remains steady.
The real estate sector has largely welcomed the various measures that finance minister Arun Jaitley announced in his Union Budget 2017-18 presentation on February 1, 2017. “We must appreciate the fact that the government R
Prime minister Narendra Modi, on the eve of new year, had announced an interest rate subsidy scheme on home loans. It is expected that this move, will provide a huge boost to the realty R
Disha Kansara Chawla Senior executive search professional, Mumbai Many average Indians now own two houses – one to live in and one through which they earn retirement benefits. It is very difficult to buy R
The year 2017 has begun on a good note for home loan borrowers, with significant cuts in interest rates being announced by most banks. Experts point out that the reduction in the interest rates, R
There has not been any precedence of major interest rate cuts, ahead of the union budget‘s presentation. On the contrary, major financial policy decisions are put on hold or deferred, ahead of the budget. R
Many home buyers favour taking loans from housing finance companies (HFCs) as stamp duty and registration costs are included while calculating the total costs of the property as compared to only basic property rates for banks.
"The good news for businesses is that interest rates are being cut across the board led by Reserve Bank of India," said Japnit Singh, Deputy Chief Executive at the Singapore- headquartered Spire Research and Consultancy.