Business: Bajaj Finance hikes interest rate on deposits, and oil imports will reach higher levels

Posted on 14th Jun 2022 03:26 pm by rohit kumar

Bajaj Finance Ltd. has increased the interest rates on FDs by up to 0.20 percent. The new rates are applicable from June 14. The tenors for which the rates have been hiked include fixed deposits ranging from 24 months to 60 months. Whereas a fixed deposit of 44 months is not included in this.

 

Oil imports will reach a high level of two and a half years

 

The country's oil imports may reach the level of 49.8 lakh barrels per day in May. This will be the highest level since December 2020. It will be 5-6 percent higher than in April. In May, India imported the most from Russia.

 

Coal imports may come down

 

The country's coal imports may fall by 114 percent to 186 million tonnes in the current fiscal. It will have 130 million tonnes of non-coking and 56 million tonnes of coking coal. A total of 210 million tonnes of coal was imported into the country in 2021-22.

 

Also Read: Russia becomes the second-largest oil supplier to India, leaving Saudi Arabia behind

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