Old pension scheme versus NPS: Some key differences

In old pension scheme, subscribers used to get a minimum assured amount without having to contribute a dime, whereas in NPS — subscribers are meant to contribute for their future security. Read further to know more on the key differences between the two

ICICI Bank raises interest rates on fixed deposits (FDs)

On the day banking regulator raised repo rates by 50 basis points, ICICI Bank raised the FD rates. Read further to know more 

India's Current account deficit widens to 2.8% of GDP in Q1: Report

As the trade deficit keeps expanding month after month, pressure is building on the rupee since many more dollars are going out than coming in. This causes the rupee to weaken or depreciate while strengthening the dollar.

RBI Monetary Policy: Your home loan EMI is set to get costlier as RBI increases interest rates further

<ul><li>RBI Monetary Policy: Banks base their home loan interest rates on RBI's benchmark rates. When the RBI increases interest rates, banks also reset the interest rates. In today's update, since the RBI has revised the rates upwards, banks are likely to raise interest rates further, especially home loans.</li></ul>

RBI MPC: Sensex, Nifty jump as no surprise on rate front makes market happy

The RBI raised repo rates by 50 bps to 5.9%. With this, the repo rate has increased 190 bps in the last five months, from 4% In April to 5.90% currently. RBI Governor Shaktikanta Das said RBI will remain focused on the withdrawal of accommodation stance.

<ul><li>The RBI raised repo rates by 50 bps to 5.9%. With this, the repo rate has increased 190 bps in the last five months, from 4% In April to 5.90% currently. RBI Governor Shaktikanta Das said RBI will remain focused on the withdrawal of accommodation stance.</li></ul>

Market Open: Sensex declines 262.73 points to 56,147.23 in early trade; Nifty falls 70.4 points to 16,747.70

Some of the gainers were Sun Pharma, Reliance, Ultra Cement, Powergrid, ITC and Kotak Bank whereas Asian Paints, Tech Mahindra, TCS, Infosys, Tata Steel and HDFC Bank were among the laggards on the 30-share index.

Rupee rises 24 paise to 81.49 against US dollar

Forex traders said the rupee gained as the dollar retreated from its elevated levels. However, the local unit is likely to remain volatile amid the announcement of the Reserve Bank of India (RBI) monetary policy decision.

Before Market Opens: From US markets to SGX Nifty; 9 things to know at 9 am on September 30, 2022

Indian markets are likely to open lower on Friday for the eighth straight session, ahead of the RBI monetary policy later today. The Central Bank is set to raise interest rate for the fourth time in a row today to tame stubborn inflation. Meanwhile, losses in global peers also kept the sentiment negative. At 8:20 am, the SGX Nifty was trading 65 points or 0.4 percent lower at 16,746, indicating a weak opening for the Indian markets. Let's take a look at some key market cues before the market opens today:

Two-wheeler sales up in August but still far below pre-covid level

Green shoots are visible in two-wheelers as 100% of dealers surveyed has shown positive body language for the ongoing festivals. In two-wheelers, Hero MotoCorp is clearly losing its market share due to softness in rural and stiff competition from other major players. All key competitors viz. HMSI, TVS Motor, Bajaj Auto, Royal Enfield, Yamaha and Suzuki gained market share on a MoM basis.

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