RBI cuts interest rate

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  • Watch US Fed leaves interest rate unchanged, hints future cuts Video
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    The US Federal Reserve left its key interest rate unchanged Wednesday but signaled that it's prepared to start cutting rates if needed to protect the U.S. economy from trade conflicts and other threats. The Fed kept its benchmark rate _ which influences many consumer and business loans _ in a range of 2.25% to 2.5%, where it's been since December. US Federal Reserve chief Jerome Powell said that trade friction and slowing growth worldwide have led many central bankers to feel the case for an interest rate cut has 'strengthened' but that they want to see more data before moving.


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  • Watch Govt cuts interest rate on small savings schemes by 0.1 pc, effective July 1 Video
    Govt cuts interest rate on small savings schemes by 0.1 pc, effective July 1

    The government Friday reduced interest rate on small savings schemes, including NSC and PPF, by 0.1 per cent for the July-September quarter. The move is aimed at matching the softening of interest rates in the banking sector since the RBI cut its benchmark policy rate thrice during the year.




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  • Watch Order on small savings interest rate cuts withdrawn: FM Nirmala Sitharaman Video
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    Interest rates of small savings schemes of the Government of India shall continue to be at the rates which existed in the last quarter of 2020-2021, ie, rates that prevailed as of March 2021. Orders issued by oversight shall be withdrawn: FM Nirmala Sitharaman

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