"interest-rates"

China's central bank has cut one of its key interest rates for the second time in three months as the world's second-largest economy struggles to bounce back from the Covid-19 pandemic

Reserve Bank is likely to maintain status-quo on the key interest rates for the third time in a row in its upcoming bi-monthly policy review

Government on Friday raised interest rates on select saving schemes by up to 0.3 per cent for the July-September quarter

The pause in the policy rate hike must be seen as a pragmatic move given the global uncertainty

With credit disbursals picking up and the RBI increasing its lending rates to the banks banks and others are now offering higher interest rates on fixed deposits.

Get in touch with the current lenders or different lenders for home refinancing

The revised rates, valid till August 31, 2021, will be offered to new salaried individuals

At 10:25 am, the BSE S&P Sensex was up by 94 points or 0.18 per cent at 52,327 while the Nifty 50 gained by 31 points or 0.2 per cent to 15,721.

The announcement came after a three-day meeting of its Monetary Policy Committee (MPC). The RBI has kept repo rate the central bank's lending rate unchanged at 4 per cent and reverse repo rate borrowing rate at 3.35 per cent.

Taxpayers with a turnover of over Rs 5 crore have been given 15 days extra time to file monthly summary return GSTR-3B and pay taxes without paying any late fees.

The government had revised the interest rates on small savings with effect from April 1, which has now been rolled back.

The central bank had slashed the repo rate by 115 basis points since late March before hitting a pause button in August