Interest Rate Cuts

  • Arun Jaitley nudges RBI to cut rate to boost growth August 10, 2014

    New Delhi: Nudging the Reserve Bank of India to cut interest rates to boost growth, Finance Minister Arun Jaitley on Sunday said that he had already made his mind clear and hoped the central bank will take decision after taking into account various factors. The RBI had maintained statusquo on interest...
  • 'Very limited' room for monetary easing, says RBI May 2, 2013

    Mumbai: Dashing expectations of an interest rate cut that have risen because of the recent softening in inflation, as well as decline in crude and gold prices, the Reserve Bank of India on Thursday said there is "very limited" space for that in fiscal 201314 because of multiple global and...
  • India Inc seeks rate cut by RBI to boost economy April 12, 2013

    New Delhi: Expressing disappointment over poor industrial performance, India Inc on Friday pressed for rate cut by the Reserve Bank of India (RBI) to boost production and further revive the economic growth. Industry chamber FICCI said the RBI should intervene and cut interest rates. "The IIP data for February calls for...
  • Rupee at 1week high; some see bottom June 4, 2012

    Mumbai: The rupee rose on Monday to its highest against the dollar in a week, despite a steep selloff in global risk assets, on the back of dollar sales by corporates and exporters, as well as unwinding of longdollar positions by banks. The recovery comes after the rupee had hit a...
  • ICICI cuts interest rates, others may follow suit April 21, 2009

    Mumbai: The country's largest private sector lender, ICICI Bank was the first to cut interest rates on Tuesday after the RBI lowered its short-term lending and borrowing rates, but housing loan major HDFC said it has no plans to cut the rates now. In fact, it was private sector banks which...
  • PSU banks to cut interest rates | SBI for further cut February 2, 2009

    The country's top public sector lender, State Bank of India, today said it is considering further reduction in lending rates. "There is thinking (on these lines)," SBI Chairman O P Bhatt said when asked if there is a possibility of reducing the benchmark prime lending rate (PLR) by the bank. ...
  • Fed Reserve cuts key interest rates, US markets soar December 17, 2008

    Washington: The US Federal Reserve has slashed its key interest rate to nearly zero for the first time to battle recession Wall Street rallied on the news of that, on Tuesday. The markets soared on Tuesday after the Federal Reserve cut a key short-term interest rate more than expected. The DOW...
  • US auto sector in crisis, big three cry for bailout November 17, 2008

    Washington: The US Senate will vote this week on emergency loans to the auto industry. But the measure faces strong opposition from many Republicans. There are concerns whether Washington will cut a cheque for the sinking automotive industry. The final round of the Congress with the US president Bush in a...
  • US economy: taxpayers say no bailout on Wall Street September 23, 2008

    Washington: Washington's proposed bailout for Wall Street is sparking anger across the country. Many taxpayers say the problem is a result of Wall Street's recklessness. A number of taxpayers interviewed by CNN said that they are not ready to dole out their hard earned money for the bailout. “This is exactly not...
  • US slowdown: Stay-at-home mums return to work September 22, 2008

    Washington: The slump in US economy has hit homes where stay-at-home mothers have been forced to return to being working mothers. It is not an easy life in America anymore, especially as the slowdown in economy has forced families to make some tough choices. Faced with economic ultimatums and worries to make...
  • US Fed cuts key interest rate | What it means January 31, 2008

    Washington: The US Federal Reserve on Wednesday cut a key interest rate for the second time in just over a week, reducing the federal funds rate by a half point. It also signalled that further rate cuts were possible. The Fed action pushed the funds rate to 3 per cent. It...
  • Wall Street investors hope for another interest rate cut January 31, 2008

    Chicago: Investors on Wall Street are hoping for another interests rate cut. They say with the housing market in serious trouble and concerns about the overall economy swirling, a cut is needed. Some financial analysts are predicting a half-point reduction. ...
  • Time not ripe for interest rate cut yet November 16, 2007

    New Delhi: The recent numbers on industrial output look poor and inflation is currently hovering at under 3 per cent. If you thought that's enough to merit a cut in the key benchmark bank rate, don't hold your breath. Major banks, like SBI and Canara Bank, say interest rates will...