Saturday 23 June 2018
bank rate

India cbank ups lending rate, cash ratio

India’s central bank raised its key lending rate by half a percentage point on Tuesday to its highest in seven years. The Reserve Bank of India also raised the cash reserve ratio of banks in an unexpectedly aggressive bid to quash do


Qatar cuts deposit rate by 65 bps

Qatar, which pegs its currency to the US dollar, cut its over-night deposit facility rate by 65 basis points to 4.5 percent on Thursday. The move follows an interest rate cut in the United States this week. Qatar, holder of the wor


Kuwait, UAE cut interest rates after Fed move

Kuwait and the United Arab Emirates cut interest rates on Wednesday after the US Federal Reserve slashed its benchmark rate for the first time in more than four years. Kuwait, the Middle East's fourth-largest oil exporter, cut its repurcha

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