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BENGALURU, April 8 : The Bank of Korea will keep its key interest rate unchanged at 2.50 per cent on Thursday and for the rest of the year, a Reuters poll forecast, as policymakers assess the impact of the Iran war on domestic cost pressures. Since the start of the U.S.-Israeli strikes on Iran, oil prices have increased over 50 per cent, raising risks to both growth and inflation. South Korea is the world's fourth-largest importer of oil with around 70 per cent coming from the Gulf region. At ...Read More >
MUMBAI: Home loan rates are set to drop to levels last seen before the global financial crisis in 2008, with the RBI's monetary policy committee reducing the repo rate by 25 basis points to 5.25%.Several banks -- Union Bank, Bank of India, Bank of Maharashtra and Indian Overseas Bank -- currently offer home loans at 7.35%. Borrowers at this rate will see their interest rate decline to 7.1%, which is also the deposit rate offered by some private banks. On a Rs 1 crore home loan for 15 years, a 0. ...Read More >
New Delhi, Oct 3 (SocialNews.XYZ) Despite global turbulence caused by trade friction and geopolitical shocks, India has been able to stand out as a rare anchor of stability in a volatile world, RBI Governor Sanjay Malhotra said on Friday. In his address at the fourth Kautilya Economic Conclave here, Malhotra said policy continuity, institutional resilience and reform momentum have enabled India to avoid major financial crises and remain among the fastest-growing large economies, with inflation ...Read More >
The Bank of England will keep its key policy rate on hold on September 18 as inflation is creeping up, but it will cut once next quarter and again early next year, according to a majority of economists in a Reuters poll. However, a growing minority of economists say the central bank is done with cutting this year. After peaking at more than 11% nearly three years ago, inflation briefly returned to the central bank's 2% target last year but has since risen to nearly double that. With cost-of-li ...Read More >
Mumbai, June 03, 2025: DSP Mutual Fund announced the launch of two new index funds, DSP Nifty IT Index Fund and DSP Nifty Healthcare Index Fund. These funds aim to provide investors with a strategic way to participate in sectors known for their resilience compared to broader equity markets. Defensive sectors such as Information Technology (IT) and Healthcare have historically exhibited low beta relative to the broader equity market, meaning they are less affected by market downturns, economic c ...Read More >
New Delhi, Dec 15 (VOICE) The US accounted for 18 per cent of India's total exports in the financial year (FY) 24, as the country's exports to the world's largest economy continuously increased, a report said.Bank of Baroda's report said that India's exports to the US are growing steadily. Its value was $77.5 billion in FY24. India's exports to the US have been growing at a compound annual growth rate (CAGR) of 10.3 per cent over the last 30 years. According to the report, the growth rate of ex ...Read More >
The history of reform episodes, recently reviewed by the IMF, shows that the pace of reform efforts has more than halved since the global financial crisis of 2008-09 It is pertinent that structural reforms come into focus following economic crises, be they local or global. It is no different this time. With a series of crises in the backdrop, starting with a pandemic, then war and sanctions, more armed conflicts, and much else that continue, structural reforms have become critical for enhancing ...Read More >
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