Senior citizens in India can now opt for fixed deposits with interest rates up to 8.25% from various banks, including SBI, HDFC Bank, and IDFC First. Learn more about the benefits and tax-saving options for senior citizens.
Explore competitive education loan rates in India with public and private sector banks. Compare interest rates, loan terms, and features to secure an affordable education loan for studies in India or abroad.
The Reserve Bank of India (RBI) has temporarily lifted the rate caps on foreign currency non-resident bank (FCNR-B) deposits and non-resident external (NRE) accounts, allowing banks to offer higher interest rates to attract long-term deposits. This move is expected to benefit banks facing challenges in building long-term liabilities and maintaining liquidity buffers.
The US stock market experienced a positive trend on Thursday, despite the escalating tensions in the Middle East. The Dow Jones, S&P 500, and Nasdaq 100 indices advanced, with several stocks experiencing significant price movements. Investors will be closely watching the upcoming economic data releases.
The Indian stock market experienced a bearish start to the week, plummeting 1.52% to 23,091, as the US stock market witnessed a sharp crash on Friday. Read more about the impact of higher interest rates and RBI’s measures to attract foreign capital and support the rupee.
The Reserve Bank of India (RBI) has introduced measures to attract foreign capital into government bonds and equities, while maintaining a neutral stance on interest rates. The central bank has revised its inflation forecast upward to 5.1% and lowered its growth forecast for FY27 to 6.6%. Economists expect strong inflows, with some predicting a potential capital flow of at least $40 billion.
The Reserve Bank of India (RBI) has left interest rates unchanged, despite raising its inflation forecast and lowering its growth outlook, as policymakers grapple with pressure on the rupee and heightened global uncertainty. The RBI has widened overseas investors’ access to government securities, eased investment restrictions for foreign portfolio investors (FPIs), and backed tax exemptions on sovereign bond investments.
SBI Research calls for stronger RBI intervention to support the rupee, citing excessive depreciation and undervaluation. The RBI is expected to maintain interest rates amid rising inflation risks, but should address currency volatility.
