RBI in wait and watch mode now, may cut rate by 25-75 bps in 2017

RBI in wait and watch mode now, may cut rate by 25-75 bps in 2017

NEW DELHI: The Reserve Bank of India (RBI) did the unexpected on Wednesday, but most experts called it a ‘brave & bold’ move by the central bank to deal with rising inflation and global uncertainty. Most analysts expect RBI to cut policy rate by 25-75 bps in calendar year 2017. In a surprise move on Wednesday, RBI decided to keep the repo rate unchanged at 6.25 per cent compared with market expectations of at least 25 bps cut. The Monetary Policy Committee (MPC) voted 6-0 in favour of keeping the…

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For high lifetime regular income on insurance annuities, invest right NOW. Here’s why.

For high lifetime regular income on insurance annuities, invest right NOW. Here’s why.

Income from insurance annuities reducing, invest now If you are considering investing in an insurance pension product that provides annuities when you retire, for a steady flow of income during your golden years, you need to hurry. This is because annuity rates offered by insurers are likely to come down shortly in line with the downward movement on interest rates. Some insurers have already dropped rates and others may follow soon. There is a small window available with some insurers; if you apply now, you will be eligible for income…

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Huge response to DHFL’s inflation-linked bonds, here is what made it attractive

Huge response to DHFL’s inflation-linked bonds, here is what made it attractive

The first Inflation – Linked Bond is here, sees tremendous response India’s first public offering of inflation bound, Consumer Price Index-linked bond issued by Dewan Housing Finance Ltd received overwhelming response with bids worth Rs 19,000 crores on the day of opening which was nearly 5 times the issue size of Rs 1,000 crore, with an over-subscription option of Rs 3,000 crore. While the issue was scheduled to be open from August 3-16, the company announced the closure of the offer on the second day itself. The overwhelming response might lead…

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