Reserve Bank of India cut the Repo rate by 50 bps to 8%. The Cash Reserve Ratio is not changed now and remained left at 4.75%
This move from RBI is first time that it cuts Repo rates since last three years. RBI Governor taking all the necessary steps to bring liquidity conditions in the banks to normal. There is also a need for the government to cap the subsidy burden from here on. Lets see how our markets will behave to this move from RBI.
|You are reading this article on analystcalls.in, Stay tuned for career, Education news, Jobs, Exam Results, Answer keys, Interviews & Job discussions, Stock Market Technical and Trading Analysis and Calls, Latest Trendy News! For regular updates like us on Facebook and Subscribe by Email to get immediate updates.|