RBI asks banks to be more transparent in resetting of interest and EMIs of floating rate home loans under external benchmark based lending ...

Just like for salaried home loan borrowers, self-employed borrowers should also compare and shop around for the best interest rate for thei...

At the interbank forex market, the local unit opened at 74.83 against the US dollar and gained further ground to settle at 74.78, up 12 pai...

According to the RBI Monetary Policy Report, 36 banks out of 62 banks have adopted repo rate as an external benchmark whereas six banks hav...

Currently, only registered users can access reference rate on same day; SGX in talks with FBIL.

Most Asian currencies struggled amid expectations of dovish monetary policy stance by central banks.

At present, banks use an internal benchmark (bank’s own marginal cost for funds) to decide interest rates. However, this is about to change.

Brent crude futures dropped 3.78 per cent to $53.20 per barrel.

The currency pared some of the gains in the fag-end to end at 70.06, showing a gain of 8 paise.

This is the fourth straight session of gains for the rupee, during which it has rallied by a hefty 220 paise.

Final guidelines on the benchmarks will be issued by end-December.

The Reserve Bank of India said there will be a new external benchmarking of Floating Rate loans by Banks to MSMEs.

On Thursday, the rupee fell 11 paise to close at 73.27.

The rupee had settled 13 paise lower at 73.61 against the dollar on Wednesday.

As per RBI directive, FIMMDA has ceased to publish prices/yield of government securities from March 31, 2018.

FBIL already publishes the overnight and term Mumbai interbank offer rate (MIBOR).

The Reserve Bank of India issued draft guidelines on Tuesday for its proposed plan to change how banks calculate their lending rates.