The Reserve Bank of India's (RBI) latest measures to squeeze liquidity from the banking system to stem rupee's decline rattled investor sentiment.
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The Reserve Bank of India's (RBI) latest measures to squeeze liquidity from the banking system to stem rupee's decline rattled investor sentiment.
The Reserve Bank of India (RBI) announced more steps to curb rupee volatility on Tuesday evening. That was followed by acceptance and rollover at fairly high rates of T-bills on Wednesday.
So, RBI's decision in line with market's expectation i.e. unchanged REPO, CRR and SLR in monetary policy today with a continuous focus on depreciating rupee and falling CAD...
With immediate effect Nifty and Sensex were trading at 5847.16 and 19625 +14 and +36 points respectively...G-Sec Bond yields dropped 13 bps immediately after policy to 8.03 %...
These measure are taken by RBI to control inflation and other factors affecting country's economy. Recently repo rate was maintained which was expected to be declined after demonetization.