The government slashed small savings interest rates on 31 March, only to withdraw the order the next day. ET Wealth speaks to experts to get their views on this issue. Ajit Menon, CEO, PGIM India AMC: No 81906720The argument to dereregulate small savings rates arises primarily from the concern that higher rates can impede rate transmission. Banks have flagged this as a reason for sluggish deposit growth and inability to lower lending rates.
Shoppers wearing protective masks push shopping carts inside a Costco store in San Francisco, California, on Wednesday, March 3, 2021. David Paul Morris | Bloomberg | Getty Images The pace of consumer inflation is likely to have returned to prepandemic levels in March, and it is expected to heat...
MUMBAI: Three different bond yields, three initial coupon rates, but exactly identical maturity horizons: It’s the ideal recipe for a rewarding arbitrage play. Three 10-year sovereign papers, including the benchmark, are yielding spreads up to 49 basis points among themselves. That has created a window of opportunity for quant...
NEW YORK: Oil prices rose nearly 2% on Monday on optimism over the pace of coronavirus vaccinations in the United States and after the Yemen-based Houthi movement said it fired missiles on Saudi oil sites. Crude prices have remained rangebound in the past three weeks, as growing expectations of...