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Petrol and Diesel Rate Today, 5 June: Some cities see revision; Check rates in Delhi, Mumbai, other cities

Financial Express 05 Jun 2023

Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad ... Petrol rates and diesel rates have been steady over the last twelve months ... The last country-wide change in fuel rates was on 21 May last year, when Finance Minister Nirmala Sitharaman slashed excise duty on petrol by Rs 8 per litre and Rs 6 per litre on diesel.

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Experts see need to reduce loan interest rates

ECNS 05 Jun 2023

"It is worth every possible effort to adjust loan interest rates," said Gong Liutang, a member of the 14th National Committee of the Chinese People's Political Consultative Conference ... The real interest rate is calculated as the difference between the nominal or stated interest rate and the inflation rate to remove the effects of inflation.

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MPC meeting: RBI may hit rate pause button again this week

The Times of India 05 Jun 2023

The Reserve Bank of India's Monetary Policy Committee (MPC) is likely to keep rates unchanged at its three-day meeting this week, as inflation has moderated well into the central bank's tolerance zone ... At a time when the US may not be done with rate hikes, a narrower rate differential could pose risks to the stability of the rupee.

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Ski industry celebrates a good winter for lodging business, but summer occupancy is down

Summit Daily 05 Jun 2023

While not all of those daily visits included an overnight stay, bountiful snow elevated occupancy and revenues to a much stronger finish than projected in the face of high inflation and rising interest rates ... The Average Daily Rate was up 2.7% ... This is a significant retraction in rates from March 31 when they were up a relatively strong 6.5%.

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Asian shares extend global rally; oil prices jump on Saudi cuts

The Times of India 05 Jun 2023

Asian shares extended a global rally on Monday on optimism the Federal Reserve would pause its rate hikes this month after a mixed U.S ... rate pause this month ... However, moderating wage growth and rising jobless rate in Friday's jobs report argued for a case of pause in June.

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Long-duration funds strong despite rate hikes

Financial Express 05 Jun 2023

However, they have been impacted since the Reserve Bank of India started hiking interest rates last year. The central bank has hiked the repo rate by 250 bps since May 2022, taking it from 4% to 6.5%. Investors usually steer clear of long-duration debt funds in a rising rate scenario as yields fall.

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Market exchange rates in China -- June 5

Xinhua 05 Jun 2023

BEIJING, June 5 (Xinhua) -- The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 24 major currencies announced on Monday by the China Foreign Exchange Trade System .. Currency Unit Central parity rate in yuan ... The central parity rate of the yuan against the U.S ... Market exchange rates in China -- June 5.

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Blackrock CEO Larry Fink Says US Is Jeopardizing Dollar’s Reserve Currency Status

Bitcoin 05 Jun 2023

He noted that the debt ceiling debate, risk of national default, and possible credit rating downgrades are “destabilizing” factors for the USD. He also predicted that the Federal Reserve will hike interest rates at least two more times. Larry Fink on Rate Hikes and Inflation ... economy, future interest rate hikes, and the U.S.

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The state of Louisiana

Houma Today 05 Jun 2023

Louisiana is ranked 47th in high school graduation rates. According to the US Census 2020 ACS 5-Year Survey and the National Center for Education Statistics, Louisiana has a high school graduation rate of 85.9%. The average graduation rate in the United States is 88.5% ... The national community college graduation rate is almost 40%.

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Repo hikes helped ease inflation by 90 bps

The Times of India 05 Jun 2023

Its 250-bps hike in repo rate between May 2022 and February 2023 helped ease inflation by 90 basis points ... However, the increase in repo rate by 250 bps until February 2023 helped inflation ease by more than 50 bps as compared to a rise in inflation of about 90 bps under a policy where the repo was left unchanged at 4%.

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Korean drama ‘Doctor Cha’ ends with highest ratings among all episodes

Manila Bulletin 05 Jun 2023

The finale of the Korean drama “Doctor Cha” aired on June 4, garnering the highest ratings during its 16-episode run ... According to Nielsen Korea, episode 16 of “Doctor Cha” on June 4 garnered a nationwide rating of 18.546 percent, its highest since the drama premiered on April 15 ... 1 highest rated cable TV drama in 2023 to date.

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Crest Nicholson will show if momentum is building

The Times/The Sunday Times 05 Jun 2023

The improvement tracked a retreat in mortgage rates, which leapt after the mini-budget last autumn ... The expectation is that Crest’s sales rates will have risen further since it updated investors in March,.

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The Bank must press ‘pause’ on rate rises or risk causing a recession

The Times/The Sunday Times 05 Jun 2023

Should they pause in their tightening cycle? Or raise interest rates further to a new peak? Or pivot, preparing to cut rates soon? ... Higher interest rates may be needed for the sake of future financial stability.

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Don't see a world where we're not going to have higher rates: Mary Callahan Erdoes

The Times of India 05 Jun 2023

In an interview with Nishanth Vasudevan during her recent visit to Mumbai, Erdoes spoke about various topics including plans to re-enter India's mutual fund industry, troubles in the US banking system, inflation and interest rates among other subjects ... The stickiness of 100% rate of inflation is not going to stay though.

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