lowers

he central bank cut its overnight deposit rate to 0.75% from 1% and axed the overnight lending and repo rate to 4.5% from 5%, a day after the US Federal Reserve decided to keep the rates low for another two years. This is the third time in a year Qatar has cut rates. Last August, the central...

MUMBAI: Union Bank of India on Monday lowered the interest rate on deposits by 0.50 per cent. For deposits of a tenure of one year to less than three years, the public sector lender would offer interest at nine per cent instead of 9.50 per cent earlier. The new rate will come into effect from...