Interest Rates Current Affairs, GK & News

Interest Rates

When a person borrows some money from another person, this money comes at an interest which can also be called the “Opportunity Cost” of the money. The amount lent is called the “Principal” and the interest on the “Principal” is in annualized terms. The interest rates are affected by the demand and supply of money. ..

Russia’s central bank increases interest rates

The Central Bank of Russia has increased the interest rate from 4.5% to 5%. Why did the Bank increase the interest rates? This is the second time the apex bank is increasing the interest rates due to elevated inflation pressure. According to the bank, the inflation in the country will be in the range of ..

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GoI: Interest Rates on Small Savings Schemes lowered

On March 31, 2020, the Government of India lowered interest rates of several small savings scheme facing Economic challenges created by the threat of COVID-19 virus. Highlights The interest rates of the schemes like Sukanya Samriddhi, Kisan Vikas Patra and Pubilc Provident Funds were reduced. The changes were introduced for Q1 of the fiscal year ..

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Retail Inflation at 5-year high of 7.35% in December, 2019

According to the data released by Ministry of Statistics and Programme Implementation on January 13, 2020, the food inflation increased to 14.12% in December 2019 as compared to 10.01% in November 2019. The CPI (consumer Price Index) rose to 7.35% as compared to 5.54% the previous month. The inflation was increase was mainly due to ..

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Reserve Bank of India (RBI) cuts its key lending rate

As per 4th bi – monthly Monetary Policy Statement for 2019-20, the Reserve Bank of India (RBI) has cut  its key lending rate — repo rate – by 25 basis points to 5.15% in an effort to boost a sluggish economy as inflation remains in a comfortable zone.  This is the 5th consecutive rate cut ..

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PF rate to remain unchanged

After a lengthy discussion by the various Union Ministries involved in the process, the Union Government has decided to notify an 8.65% interest rate for the PF deposits in India. This offered rate of interest is the same as the one offered last year. What has happened? The Labour Ministry and the Finance Ministry had ..

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