Synchronised rate hikes can spark recession: RBI governor Shaktikanta Das

MUMBAI: Reserve Bank of India governor Shaktikanta Das has warned that the coordinated interest rate tightening by advanced economies could lead to a ‘hard landing’ in the form of recession for economies. He, however, said India was differently placed. The governor’s statement comes at a time when the UK chancellor Jeremy Hunt has acknowledged that […]

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Government Hikes Interest Rates On Some Small Savings Schemes By Up To 30 Bps In Q3

With regard to Kisan Credit Card, the government has revised both tenure and interest rates. New Delhi: The government on Thursday raised rates on some small savings schemes by up to 30 basis points (bps) in line with the hardening interest rate in the economy. With the revision, a three-year time deposit with post offices […]

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Government hikes interest rates on some small savings schemes by up to 30 bps in Q3

NEW DELHI: The government on Thursday raised rates on some small savings schemes by up to 30 basis points (bps) in line with the hardening interest rate in the economy. With the revision, a three-year time deposit with post offices would earn 5.8 per cent from the existing 5.5 per cent, an increase of 30 […]

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Central Banks Unleash 350 Basis Points More Of Rate Hikes In Inflation Fight

Central banks in the 10 big developed economies have raised rates by a combined 1,965 basis points. LONDON: Major central banks have stepped up their fight against runaway inflation, unleashing another 350 basis points of hikes in a pivotal week in which policymakers are determined to show they mean business. The Federal Reserve raised U.S. […]

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Bank of England Hikes Rates by 50 Bps to 2.25%, Avoids More Aggressive Steps

LONDON: Britain’s central bank raised its key interest rate by another half-percentage point Thursday, avoiding more aggressive steps to tame inflation that the U.S. Federal Reserve and other banks have taken. It is the Bank of England’s seventh straight move to increase borrowing costs as rising food and energy prices fuel a cost-of-living crisis that […]

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FPIs Infuse Rs 12,000 Crore in Indian Equities in September on Hopes of Slow Rate Hikes

Foreign investors pumped Rs 12,000 crore into the Indian equity market so far this month on hopes that global central banks, particularly the US Fed, may go slow on rate hikes as inflation starts to cool off. This comes following a net investment of staggering Rs 51,200 crore in August and nearly Rs 5,000 crore […]

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Global recession risk up on rate hikes: World Bank

NEW DELHI: The world may be edging towards a global recession in 2023 and a string of financial crises in emerging markets and developing economies that would do them lasting harm as central banks globally hike interest rates to combat surging inflation, a World Bank study showed. “If the degree of global monetary policy tightening […]

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Sensex dives 1,093 pts on fears of sharp rate hikes

Across the board selling since the start of trading on Friday pulled the sensex down to sub-59k level with 29 of the 30 index constituents closing in the red. Lower overnight closing in the US market, prospects of sharp hikes in rates by central banks across the globe to tame runaway inflation and strong selling […]

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RBI says front-loaded rate hikes needed to tame inflation, shield growth

MUMBAI: The Reserve Bank of India (RBI) said on Friday it will have to front-load its monetary policy to fight stubborn inflation and shield medium-term growth in the world’s fifth-largest economy. Inflation in India has remained above the apex bank’s tolerance level since January, prompting it to raise interest rates by a total of 140 […]

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