Bank stocks gain up to 9% ahead of RBI policy

Last Updated: Monday, August 3, 2015, 20:38

Bank stocks were in demand Monday, surging up to 9 percent, ahead of RBI's policy review meeting tomorrow and on hopes of an interest rate cut.

Indian Bank revises FCNR(B) interest rates

Last Updated: Monday, August 3, 2015, 17:20

Indian Bank has revised its Foreign Currency Non-Resident (banking) term deposit interest rates with immediate effect.

Govt on backfoot over proposal to curtail RBI Guv's power

Last Updated: Monday, August 3, 2015, 17:18

Going on the backfoot over a draft Bill proposing curtailing powers of RBI Governor on interest rate, the government Monday said it is not right to conclude that it wants to curtail the central bank's powers.

Asian dividend funds turn to China, India to counter US Fed hike

Last Updated: Monday, August 3, 2015, 08:41

Some fund managers say they are shifting from traditional favourites such as investment trusts, telecoms and utilities to emerging market companies offering faster earnings growth and cheaper valuations.

Gold extends weakness after worst month in 2 years

Last Updated: Monday, August 3, 2015, 08:25

Spot gold was down 0.2 percent at $1,092.80 an ounce by 0019 GMT. The metal fell as low as $1,079.50 on Friday before recovering at the close. That was near last month`s trough of $1,077, its weakest since February 2010.

RBI faces a tough choice on rate front on Tuesday

Last Updated: Sunday, August 2, 2015, 11:10

With retail inflation showing no signs of abating, RBI faces tough choice on cutting rate second time this fiscal to meet government and industry expectations of lowering cost of borrowing to boost growth.

Ahead of policy meet on August 4, Rajan meets Jaitley

Last Updated: Friday, July 31, 2015, 18:53

Ahead of the third bi-monthly monetary policy review on August 4, Reserve Bank Governor Raghuram Rajan on Friday met Finance Minister Arun Jaitley and discussed a wide range of issues.

RBI may keep rates unchanged in Aug 4 policy meet: Ind-Ra

Last Updated: Friday, July 31, 2015, 14:40

"The Reserve Bank (RBI) is likely to wait and watch on rates in its third bi-monthly credit policy meet in August.

Federal Reserve holds key US rate unchanged

Last Updated: Thursday, July 30, 2015, 00:12

The Federal Reserve kept its benchmark federal funds interest rate unchanged at near zero percent as expected Wednesday, providing no fresh hints on when a long-awaited rate rise might come.

Gold prices may dip to Rs 20,500 per ten grams

Last Updated: Wednesday, July 29, 2015, 17:47

Gold domestic rates may decline and range between Rs 20,500-Rs 24,000 per 10 grams if the US Fed hikes interest rates, as widely expected.

Core income perks up Yes Bank net 28%; eyes MF buyout

Last Updated: Wednesday, July 29, 2015, 15:43

Private sector lender Yes Bank Wednesday reported 27.7 percent rise in net profit to Rs 551.20 crore during the first quarter ended June 30, 2015-16, on higher net interest income.

Gold edges higher as investors await Fed meeting

Last Updated: Tuesday, July 28, 2015, 21:00

Gold edged higher on Tuesday but remained near 5-1/2-year lows as markets braced for this week`s two-day Federal Reserve meeting, at which policymakers are tipped to give further clues on the timing of a U.S. rate increase.