What is BPS aka basis points?

What is bps?  Whenever there is a policy rate changes by RBI, we read this ''term" in newspapers.    The best point is that most of the newspapers also explain the same in one sentence in the same paragraph.   It is a very simple concept and meaning.    In financial terms, 'one'  Basis Point is a unit  equivalent to  0.01% i.e. 1/100th of a percent.     Thus 10 bps means 0.10% and   100 bps means 1%.    BPs is mostly used to indicate the...

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The GREXIT fears

Fears about Greece exiting the Eurozone and a global stock market sell off perpetrated by a further slide in oil prices pulled the sensex down by 855 points on Tuesday - its biggest fall in over five years. Falling crude prices which dipped to below the $50 per barrel mark for the first time since 2009 — also unnerved FIIs that aggravated the fall further, brokers and analysts said. The sensex closed at 26,987 and the session left investors poorer by Rs 2.76 lakhcrore (about $43.5 billion) with BSE's market capitalization now at Rs 96.6 lakhcrore....

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US crude falls. So do the Markets

US crude oil dropped below $50 a barrel for the first time in five and a half years, sending energy stocks into a tailspin and fuelling a broader sell-off on Wall Street that spilled into Asia as fears grew of a global economic slowdown.The dollar strengthened against a basket of rivals to a nine-year high, while the euro sank to a nine-year low versus the US currency. The nervous start to the year for financial markets reflected...

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NEFT vs RTGS vs IMPS- Fund Transfers

If you have tried transferring money electronically to an individual or an account, you would’ve come across the terms NEFT,RTGS and IMPS. Most of us are not really aware of the difference between the various models and on what occasions they have to be used.NEFT (National Electronic Funds Transfer) and RTGS(Real Time Gross Settlement) are the two main fund settlement mechanisms used by banks in India to conduct one to one transactions. These transfer protocols are maintained by the Reserve Bank of India.IMPS (Interbank Mobile Payment Service/Immediate...

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Benjamin Franklin-

Benjamin Franklin was one of the Founding Fathers of the United States and in many ways was "the First American".A renowned polymath, Franklin was a leading author, printer, political theorist, politician, postmaster, scientist, inventor, civic activist, statesman, and diplomat. As a scientist, he was a major figure in the American Enlightenment and the history of physics for his discoveries and theories regarding electricity. As an inventor, he is known for the lightning rod, bifocals, and the Franklin stove, among other inventions. He facilitated...

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How results in Greece will determine World Economy

Many people are wondering why the Greek economy is having  such a major effect on the global markets. Why is such a small country making the world’s major markets rise and fall with every headline that comes out regarding their possible economic collapse?  Fear of the unknown is driving the seemingly schizophrenic markets up and down like a yo-yo.  When Greek Prime Minister George Papandreou presented the idea of a referendum...

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