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  US Federal Reserve lowers interest rates, signals slower cuts for 2025

  World | December 19, 2024 6:53 IST

  The Federal Reserve cut its benchmark interest rate for the third time, lowering it to 4.25 per cent-4.5 per cent. Policymakers signal fewer rate cuts in 2025, with inflation and labour market trends driving cautious economic strategies.

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  US Fed cuts interest rates by 50 basis points, first reduction since 2020

  Business | September 18, 2024 23:58 IST

  The rate cut ends a 14-month period where rates were held steady. This duration is longer than three of the last six Fed "hold" periods but falls short of the 15-month pause before the 2007-2009 financial crisis.

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  Ahead of elections, Federal Reserve shifts interest rates dramatically to deal with worst inflation

  World | September 18, 2024 23:51 IST

  The Federal Reserve on Wednesday cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates that helped tame inflation but that also made borrowing painfully expensive for American consumers.

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  Sensex drops 131 points to settle at 82,948, Nifty declines 41 points to 25,377

  Business | September 18, 2024 16:40 IST

  The market faced broad-based selling pressure across sectors, with financial, IT, and energy stocks among the top laggards. However, select FMCG and pharmaceutical stocks showed resilience, offering some support to the market.

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  Gold hits all-time high as US data lifts expectations of Fed interest rate cut in June

  Business | April 01, 2024 17:34 IST

  Indian gold futures also hit a record high on Monday and squeezed demand in the world's second-biggest consumer of the metal, said dealers. Gold prices across the world have been boosted due to growing rate-cut expectations, central bank purchases and geopolitical tensions.

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  Is U-turn on interest rate order an 'oversight' or 'election-driven hindsight': Congress asks FM

  India | April 01, 2021 13:05 IST

  Congress leader Rahul Gandhi alleged that the small saving rates would be reduced soon after elections.

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  Good News! HDFC Bank cuts interest rates on loans by 20 bps, effective from today

  Business | July 07, 2020 13:20 IST

  The HDFC Bank has reduced the marginal cost of funds-based lending rates (MCLR) on loans across tenors by 20 basis points with immediate effect. Following the reduction, MCLRs of the bank will range from 7.10 per cent to 7.65 per cent.

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  Kotak Mahindra Bank slashes interest rate on savings deposits

  Business | May 25, 2020 18:09 IST

  From Monday, daily balance of over Rs 1 lakh will earn 4 per cent interest as against the 4.50 per cent earlier, while those under that threshold will earn 3.50 per cent, the bank said.

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  Wrong time to reduce interest rates on small savings: P Chidambaram

  Business | April 01, 2020 13:54 IST

  Former Union Finance Minister P. Chidambaram has slammed the government for reducing the interest rates on small savings and PPF and said it may be "technically correct but it's wrong time" as the country is amid lockdown due to fear of Covid-19 and people have no way of income.

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  SBI cuts interest rates on fixed deposits up to 0.5%

  India | August 23, 2019 15:22 IST

  In view of the falling interest rate scenario and surplus liquidity, SBI realigns its interest rate on Term Deposits with effect from August 26, 2019, SBI said in a statement. 

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  Good News! HDFC Bank revises its home loan interest rate, these customers to get benefited

  Business | August 22, 2019 19:06 IST

  India's one of the largest private lenders HDFC Bank has revised its home loan interest rates, right after SBI and RBI slashed their MCLR rate and repo rate respectively. This change has come into effect from August 14, 2019.  With this reduction in interest rates, home loan EMIs at HDFC Bank has become cheaper. Among all who are willing to apply for a home loan, salaried women would enjoy most benefits.

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  RBI likely to cut interest rate again in June; no cut thereafter

  Business | May 08, 2019 13:35 IST

  In a report on the forecast for global monetary policy actions and resulting economic impact, the London-based global information provider said RBI is likely to tighten its monetary policy stance in early-to-mid 2020.

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  SBI cuts home loan interest rate by up to 0.25 pc

  April 12, 2015 19:06 IST

  New Delhi: Matching its competitor HDFC Ltd, State Bank of India today announced a cut in home loan rate by up to 0.25 per cent, providing relief to new borrowers.The cut in interest rate on