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Source: Business Standard Home Loan, Loan, Home, House(Photo: Shutterstock) 3 min read Last Updated : Oct 02 2024 | 2:03 PM IST Taking out a loan to purchase a home is a significant financial decision. Even a small variation in interest rates can have a substantial impact. Hence, it is essential to compare different…
Source: Business Standard 2 min read Last Updated : Oct 01 2024 | 1:41 PM IST The Finance Ministry on Monday kept interest rates of small saving schemes unchanged for the October-December 2024 quarter, with Sukanya Samriddhi and Senior Citizen Savings Scheme offering 8.2 per cent interest rate. Click here to connect…
Source: Business Standard 2 min read Last Updated : Sep 30 2024 | 6:34 PM IST The government on Monday left the interest rates on various small savings schemes including PPF and NSC unchanged for the third straight quarter beginning October 1, 2024. “The rates of interest on various small savings schemes for…
Source: Live Mint The Public Provident Fund (PPF) is an excellent investment option with EEE (Exempt-Exempt-Exempt) status. This means it offers a tax deduction at the time of investment, the interest earned is tax-free, and the maturity proceeds are also exempt from tax. Currently, the interest rate for PPF is 7.10%. Moreover, PPF is fully…
Source: Live Mint In a bold move, the US Federal Reserve kick-started its monetary policy easing cycle with a 50 basis point (bps) interest rate cut, bringing the Fed funds target range to 4.75-5%. The market was widely anticipating a 25 bps rate cut (one basis point is 0.01%). While delivering this surprise, Fed chair…
Source: Business Standard Seth also said that we need to watch out how other economies and markets will respond to the decision. (Photo: Shutterstock) 2 min read Last Updated : Sep 19 2024 | 4:04 PM IST Chief Economic Advisor V Anantha Nageswaran said on Thursday that the impact of the US Federal Reserve’s decision…
Source: Live Mint By Chibuike Oguh and Samuel Indyk NEW YORK/LONDON – The U.S. dollar fell to a more than one-year low versus the yen on Monday, as expectations increased that the Federal Reserve could deliver a supersized cut to interest rates later this week. The Fed had been widely expected to announce at least…
Source: Live Mint NEW YORK — U.S. stocks closed out their best week of the year with more gains on Friday and climbed to the cusp of their records. The S&P 500 rose 0.5% for a fifth straight gain and is just 0.7% below its all-time high set in July. Rallies for Microsoft, Broadcom and…
Source: Live Mint In an unfavourable turn of events, inflation measured by the Consumer Price Index (CPI) rose to 3.7% year-on-year in August, up from 3.6% in July, and surpassing Mint’s consensus estimate of 3.5%. Given the generous rainfall seen in August, expectations were that retail inflation would moderate as vegetable prices ease. The unexpected…
Source: Business Standard 3 min read Last Updated : Sep 12 2024 | 10:33 AM IST The mutual fund industry saw a 43 per cent dip in net inflows for the month of August, to Rs 1.08 lakh crore against Rs 1.89 lakh crore in July, 2024. This decline was driven primarily by a…
