The PPF interest rate will drop from 7.1% to 6.4% annually. New Delhi: Interest rates on small savings received a big cut on Wednesday and the government announced that interest on savings deposits will now fall from 4% to 3.5% per year, while the Public Provident Fund or FPP will …
Read More »The Fed says rates will stay near zero for at least three years
The Federal Reserve left interest rates near zero, saying it would keep them there until at least 2023 to help the US economy recover from the coronavirus pandemic. The Federal Open Market Committee “hopes to maintain an accommodative monetary policy stance” until it achieves an average inflation of 2% over …
Read More »Geopolitical Tension, Profit Reserve: 5 Reasons Markets Corrected Today
After an initial blowout Monday morning that pushed the S&P BSE Sensex to the day high of 40,010.17, markets lost ground as the trade progressed. The S&P BSE Sensex lost more than 1,200 points in intraday trading to hit a low of 38,714.43 as trading progressed. Around 2:45 p.m., the …
Read More »Sensex drops more than 600 points, Nifty at 9,218; rupee falls to 75.58 rupees in opening trade
[ad_1] Stock market today LIVE updates: Sensex falls more than 600 points, Nifty at 9,218; rupee falls to 75.58 rupees in opening trade Asian stocks plummeted on Thursday after the head of the Federal Reserve warned of a US recession “significantly worse” than any recession since World War II due …
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