Gold struggles even as equities drop further after China rate cut

Last Updated: Wednesday, August 26, 2015, 10:28

Gold slipped on Wednesday, struggling to draw buyers even as Asian stocks fell further despite China`s latest policy easing with investors remaining wary of a near-term hike in U.S. interest rates.

Currency volatility: How it will affect global growth

Last Updated: Wednesday, August 26, 2015, 09:33

Faced with falling exports and deflation risks, it suited much of Asia to let their currencies drift lower, until China`s abrupt devaluation triggered a tide of volatility that is upsetting not just their currency management but also their growth strategies.

Gold price climbs to 5-week high as Sept Fed hike hopes fizzle

Last Updated: Thursday, August 20, 2015, 12:51

Spot gold has now recovered nearly 6 percent from a 5-1/2-year low of USD 1,077 reached in a late July rout.

Moving towards softening interest rate environment: Chanda Kochhar

Last Updated: Tuesday, August 18, 2015, 12:58

ICICI Bank was the first lender to start cutting base lending rates, she said adding "a lot of transmission" of monetary easing to borrowers has already happened.

United Bank cuts interest rates by upto 0.50% on select maturities

Last Updated: Monday, August 17, 2015, 19:22

State-owned United Bank of India Monday announced a cut in deposit rates for various maturities by 0.25-0.50 percent.

Macros improving, subsidy reforms to continue: FM Jaitley

Last Updated: Wednesday, August 12, 2015, 14:21

The government on Wednesday said the macro-economic scenario has improved significantly on account of revival of growth and subdued inflation and exuded confidence that interest rates will decline in coming years.

High interest rates hurting economy: FinMin

Last Updated: Tuesday, August 11, 2015, 17:14

A week after RBI Governor spurned government call to cut interest rates, a top finance ministry official Tuesday said high interest rates and restrictions on rupee depreciation were hurting Indian economy.

PNB cuts FD rate by up to 0.50%

Last Updated: Wednesday, August 5, 2015, 23:11

State-owned Punjab National Bank Wednesday reduced interest rate on fixed deposits on select maturities by up to 0.50 percent.

Dollar up on Fed rate bets, earnings lift world shares

Last Updated: Wednesday, August 5, 2015, 16:59

The dollar rose to its highest in more than three months on Wednesday after a Federal Reserve official said the central bank was close to raising interest rates, while solid European corporate earnings propelled stocks higher.

RBI can cut rate if inflation stays below 6%: Rajan

Last Updated: Wednesday, August 5, 2015, 15:32

RBI expects retail inflation to be around 6.1 percent in January-March, 2016.

Services sector rebounds on new business orders

Last Updated: Wednesday, August 5, 2015, 10:38

Services sector increased to 50.8 in July from 47.7 in June.

Raghuram Rajan maintains status quo, wants banks to cut rates

Last Updated: Tuesday, August 4, 2015, 19:32

After three cuts in seven months, the RBI decided to keep the benchmark lending (repo) rate unchanged at 7.25 percent as also the cash reserve ratio (CRR) at 4 percent.