Government bond Current Affairs, GK & News

Banks cut interest rates in the aftermath of demonetisation

State Bank of India along with some private banks has cut the interest rates on deposits. SBI has cut the interest rates on deposits from 1 year to 455 days to 6.90%. This may not be in the interest of those who are depositing their money in banks. The yields on 10-year government bond which ..

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RBI elevates foreign investment limit in govt bonds

In a move targeted at preventing the continuous decline of Rupee, the Reserve Bank of India increased the limit of foreign investment in government bonds by $ 5 billion to $ 20 billion. The regulator also elevated limit of external commercial borrowing (ECB) to $ 10 bilion. Currently, foreign institutional investors (FIIs) are permitted to ..

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