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Inflation surges to 8-year high, interest rate hike may be on cards

Retail inflation (CPI) in April soared to a 95-month high on the back of a surge in prices across all major commodity groups. It was way back in May 2014 that CPI inflation was at 8.3 per cent.
Core inflation, which has remained at more than 5 per cent for 24 consecutive months, in April also touched 95-month high at 6.97 per cent.(AFP)
Core inflation, which has remained at more than 5 per cent for 24 consecutive months, in April also touched 95-month high at 6.97 per cent.(AFP)
Published on May 12, 2022 11:02 PM IST
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These banks increased interest rates after surprise RBI repo rate hike

A number of banks raised their external benchmark based lending rates following an increase of 0.40 per cent in the repo rate - at which the Reserve Bank lends short term money to banks.
A man walks behind the Reserve Bank of India (RBI) logo inside its headquarters in Mumbai.(REUTERS)
A man walks behind the Reserve Bank of India (RBI) logo inside its headquarters in Mumbai.(REUTERS)
Updated on May 08, 2022 05:10 PM IST
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By | Written by Aniruddha Dhar, New Delhi

'RBI's repo rate hike no surprise, but…': Nirmala Sitharaman's first reaction

On May 4, after an unscheduled meeting of the RBI's Monetary Policy Committee, the central bank had increased the policy repo rate by 40 basis points to 4.40 per cent. It also announced a 0.50 per cent increase in the cash reserve ratio (CRR).
Union finance minister Nirmala Sitharaman.(HT file)
Union finance minister Nirmala Sitharaman.(HT file)
Updated on May 08, 2022 02:53 PM IST
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By | Written by Aniruddha Dhar, New Delhi

Interest rates on small savings schemes unchanged till March 31, 2022

The announcement comes ahead of assembly elections in five states – Uttar Pradesh, Uttarakhand, Punjab, Himachal Pradesh and Goa.
Interest rates on small saving schemes unchanged again.(REUTERS)
Interest rates on small saving schemes unchanged again.(REUTERS)
Published on Dec 31, 2021 11:00 PM IST
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PTI | , New Delhi

Pakistan’s interest rate surge shows IMF deal not enough

Prices in the nation grew more than 11% in November and the trade shortfall more than doubled to a record of almost $5 billion, data showed this week, pushing the benchmark stock index down almost 5% on Thursday.
A stockbroker looks at share prices on an index board during a trading session at the Pakistan Stock Exchange (PSX) in Karachi on December 2, 2021. (Photo by Rizwan TABASSUM / AFP)
A stockbroker looks at share prices on an index board during a trading session at the Pakistan Stock Exchange (PSX) in Karachi on December 2, 2021. (Photo by Rizwan TABASSUM / AFP)
Updated on Dec 03, 2021 09:03 PM IST
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Friday, May 27, 2022