Rupee touched 59 to a dollar yesterday and it sent panic waves in investors’ community, bankers, and Government. Investors’ community is worried because it will cut down the returns of foreign institutional investors (FII) which will directly impact overall stock market negatively. Bankers are worried because this may delay RBI’s rate cuts further halting the… Read More »
What is a utility bill? The bills such as electricity bill, telephone bills, mobile phone bills, etc. are referred to as utility bills. Usually these bills have to be paid in their respective offices on or before the due date. Standing for hours in a queue to pay an electricity bill or telephone bill is… Read More »
EMI is a common household term today, as more and more people are availing different kinds of credits to meet their financial needs. The same is applicable to outstanding amounts in credit card dues which the customer may find difficult to pay in one go. Is the EMI facility on credit card payments a good… Read More »
Buying a home is indeed a dream come true. And with a home loan, this dream is not beyond the reach of individuals today. However, depending on your income and credit rating, you will be eligible for a certain maximum loan amount from the bank. What if your dream home demands a slightly higher loan… Read More »
The May review may see the Repo Rate hitting a three year low, as the apex organization for monetary policies, the RBI, is expected to bring it down for third time in the year The Reserve Bank of India realizes the need to support the various economic activities, so as to help them sustain in… Read More »
The much anticipated and waited RBI’s Annual policy announcement happened today. With inflation and current account deficit dipping, the expectations of a rate cut were ripe. The Reserve Bank of India’s Macroeconomic and Monetary Developments for 2012-13 announced yesterday adopted a hawkish stance and said that the room for monetary easing was limited, as decreasing… Read More »
Car loans in India have undergone widespread in the past few years with the financiers evolving new and innovative loan products in an attempt to attract more customers. There are various kinds of customized car loans available in the market which will suit differing requirements of the borrowers. In addition to the different car loans… Read More »
Over the past decade, both the demand and the price of gold have been on an increasing trend across the world. This belief in gold as a safe haven increased post the global financial meltdown in 2008. The yellow metal has been considered as a safe asset having stable value which is immune to inflation.… Read More »
The gold lending business once considered to be one of the safest financial assets has come under a cloud following the recent correction of gold prices in the international market. Gold prices have dropped 12% in the past fortnight to touch two-year lows. Such steep correction in gold prices is worrying investors as well as… Read More »
Gold has fallen 30% from its highs of $ 1920.30 and any fall below 20% gets categorized as a bear market. The last week witnessed a sharp drop on concerns of countries like Cyprus trying to liquidate its gold holdings to fund its bailout package. The legendary investor George Soros also cut his holdings… Read More »