Interest Rate Hike
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EPFO Hikes Interest Rate On Deposits To 8.25% From 8.15%
Retirement fund body EPFO has hiked the interest rate on employees provident fund (EPF) deposits for 2023-24 to 8.25%, a three-year-high.
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Gold Prices Hit Six-Month High On Weak US Dollar
Gold prices hit a more than six-month high on Monday, firming above the $2,000 per ounce level, as a weaker dollar and expectations of an end to US interest rate hikes lifted demand.
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Apple Shares Weaken After Warning of Dull Holiday Quarter
Apple shares on Friday pared losses that were driven by its forecast for a subdued holiday quarter after a US jobs report bolstered hopes of a pause in interest rate hikes by the Federal Reserve. The stock was down 1.5 percent in early trading, having fallen more than 3 percent before the bell.
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Interest Rate For 5-Year Recurring Deposit Scheme Hiked To 6.7%
The government on Friday increased the interest rate on five-year recurring deposit scheme by 20 basis points for the October-December quarter.
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Bank Of England Holds Key Interest Rate At 5.25% After 14 Hikes
The Bank of England on Thursday held interest rates at 5.25 percent following a shock slowdown to UK inflation and one day after the US Federal Reserve also pressed pause.
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US Federal Reserve Holds Interest Rates At 22-Year High
The US Federal Reserve voted Wednesday to keep interest rates at a 22-year high, while forecasting an additional rate hike before the end of the year to bring down inflation.
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Crypto Price Today: Bitcoin Price Tumbles Shortly After Seeing Gains, Most Altcoins Trade in Losses
The crypto market valuation cascaded by 1.79 percent in the last 24 hours. Minor losses struck Bitcoin and Ether along with most of the top ten cryptos by market capitalisation today. The market situation may change after US Federal Reserve Chair Jerome Powell’s speech on Friday. Investors are expecting an end to the rate hike cycles, which may i...
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Bitcoin Sinks to $26,000 Mark First Time Since June, Most Cryptocurrencies Record Losses
The crypto market cap, in the last 24 hours, dropped by 7.29 percent. Bitcoin and Ether both registered losses of around seven percent on Friday. Most cryptocurrencies tagged behind the top two coins into the loss-ridden part of the crypto chart.
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Crypto Market Watch: Bitcoin, Ether See Small Gains, Lift Most Altcoins Up the Price Ladder
The overall crypto market valuation rose by 0.54 percent in the last 24 hours. While Bitcoin and Ether grew in prices with small profits, Dogecoin fell off its high horse now that the initial excitement around Twitter’s re-branding to X seems to have worn off. The US federal reserve, meanwhile, has announced another interest rate hike, taking the...
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Indian Shares, Rupee Set To Open Higher After Fed Hikes Interest Rate
Indian shares and the rupee are expected to open marginally higher today helped by the US Federal Reserve policy raising its benchmark lending rate.
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Crypto Market Watch: Loss-Ridden Bitcoin, Ether Impact Pricing of Most Altcoins
Bitcoin and Ether, along with most other cryptocurrencies, stepped into the last week of July reeling under losses. Stablecoins like Ripple, Binance USD, and USD Coin recorded losses alongside Cardano, Polygon, and Shiba Inu. The US may get news about another interest rate hike later this week, due to which most cryptocurrencies have failed to mint...
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Crypto Market Watch: Loss-Ridden Bitcoin Trades at $25,000, Major Cryptocurrencies Record Price Drops
The overall valuation of the crypto sector incurred a loss of 3.42 percent in the last 24 hours. All of the top ten cryptocurrencies by market valuation are trading in losses on Thursday, June 15. The US Federal Reserve, in its latest update said that it will maintain the risen interest rates and also cautioned about potential future rate hikes to ...
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US Federal Reserve Pauses Rate Hikes But Signals More Tightening Ahead
The US Federal Reserve voted Wednesday to pause its aggressive campaign of interest rate hikes despite "elevated" inflation, while indicating that another sharp increase could be needed before year-end.
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Large Withdrawals by Crypto Whales Responsible for US Banking Crisis: Federal Reserve Bank of Chicago
The Federal Reserve Bank of Chicago has blamed the downfalls of BlockFi, Celsius, FTX, Genesis (in partnership with Gemini), and Voyager Digital major reasons behind the ongoing banking crisis in the US. Several crypto firms laid off staff members while the others filed for bankruptcy last year, leading to the outflows of large crypto investments.
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IMF Fears Zimbabwe’s Plan to Launch Gold-Backed Digital Asset Could Trigger Financial Instability
The authorities of the International Monetary Fund (IMF) have reached out to the regulators of Zimbabwe advising them against issuing a gold-back digital asset to fight against the rising inflation. Zimbabwe is considering the launch of this stablecoin in order to reduce its dependency on the US dollar amid back-to-back interest rate hikes in the U...
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EPFO Hikes Interest Rate On Deposits To 8.25% From 8.15%
Retirement fund body EPFO has hiked the interest rate on employees provident fund (EPF) deposits for 2023-24 to 8.25%, a three-year-high.
-
Gold Prices Hit Six-Month High On Weak US Dollar
Gold prices hit a more than six-month high on Monday, firming above the $2,000 per ounce level, as a weaker dollar and expectations of an end to US interest rate hikes lifted demand.
-
Apple Shares Weaken After Warning of Dull Holiday Quarter
Apple shares on Friday pared losses that were driven by its forecast for a subdued holiday quarter after a US jobs report bolstered hopes of a pause in interest rate hikes by the Federal Reserve. The stock was down 1.5 percent in early trading, having fallen more than 3 percent before the bell.
-
Interest Rate For 5-Year Recurring Deposit Scheme Hiked To 6.7%
The government on Friday increased the interest rate on five-year recurring deposit scheme by 20 basis points for the October-December quarter.
-
Bank Of England Holds Key Interest Rate At 5.25% After 14 Hikes
The Bank of England on Thursday held interest rates at 5.25 percent following a shock slowdown to UK inflation and one day after the US Federal Reserve also pressed pause.
-
US Federal Reserve Holds Interest Rates At 22-Year High
The US Federal Reserve voted Wednesday to keep interest rates at a 22-year high, while forecasting an additional rate hike before the end of the year to bring down inflation.
-
Crypto Price Today: Bitcoin Price Tumbles Shortly After Seeing Gains, Most Altcoins Trade in Losses
The crypto market valuation cascaded by 1.79 percent in the last 24 hours. Minor losses struck Bitcoin and Ether along with most of the top ten cryptos by market capitalisation today. The market situation may change after US Federal Reserve Chair Jerome Powell’s speech on Friday. Investors are expecting an end to the rate hike cycles, which may i...
-
Bitcoin Sinks to $26,000 Mark First Time Since June, Most Cryptocurrencies Record Losses
The crypto market cap, in the last 24 hours, dropped by 7.29 percent. Bitcoin and Ether both registered losses of around seven percent on Friday. Most cryptocurrencies tagged behind the top two coins into the loss-ridden part of the crypto chart.
-
Crypto Market Watch: Bitcoin, Ether See Small Gains, Lift Most Altcoins Up the Price Ladder
The overall crypto market valuation rose by 0.54 percent in the last 24 hours. While Bitcoin and Ether grew in prices with small profits, Dogecoin fell off its high horse now that the initial excitement around Twitter’s re-branding to X seems to have worn off. The US federal reserve, meanwhile, has announced another interest rate hike, taking the...
-
Indian Shares, Rupee Set To Open Higher After Fed Hikes Interest Rate
Indian shares and the rupee are expected to open marginally higher today helped by the US Federal Reserve policy raising its benchmark lending rate.
-
Crypto Market Watch: Loss-Ridden Bitcoin, Ether Impact Pricing of Most Altcoins
Bitcoin and Ether, along with most other cryptocurrencies, stepped into the last week of July reeling under losses. Stablecoins like Ripple, Binance USD, and USD Coin recorded losses alongside Cardano, Polygon, and Shiba Inu. The US may get news about another interest rate hike later this week, due to which most cryptocurrencies have failed to mint...
-
Crypto Market Watch: Loss-Ridden Bitcoin Trades at $25,000, Major Cryptocurrencies Record Price Drops
The overall valuation of the crypto sector incurred a loss of 3.42 percent in the last 24 hours. All of the top ten cryptocurrencies by market valuation are trading in losses on Thursday, June 15. The US Federal Reserve, in its latest update said that it will maintain the risen interest rates and also cautioned about potential future rate hikes to ...
-
US Federal Reserve Pauses Rate Hikes But Signals More Tightening Ahead
The US Federal Reserve voted Wednesday to pause its aggressive campaign of interest rate hikes despite "elevated" inflation, while indicating that another sharp increase could be needed before year-end.
-
Large Withdrawals by Crypto Whales Responsible for US Banking Crisis: Federal Reserve Bank of Chicago
The Federal Reserve Bank of Chicago has blamed the downfalls of BlockFi, Celsius, FTX, Genesis (in partnership with Gemini), and Voyager Digital major reasons behind the ongoing banking crisis in the US. Several crypto firms laid off staff members while the others filed for bankruptcy last year, leading to the outflows of large crypto investments.
-
IMF Fears Zimbabwe’s Plan to Launch Gold-Backed Digital Asset Could Trigger Financial Instability
The authorities of the International Monetary Fund (IMF) have reached out to the regulators of Zimbabwe advising them against issuing a gold-back digital asset to fight against the rising inflation. Zimbabwe is considering the launch of this stablecoin in order to reduce its dependency on the US dollar amid back-to-back interest rate hikes in the U...
