19 April 2014, 05 : 28
MARKET VIEW DATED 17 APRIL 2014
Markets witnessed a sell off on all the counters largely due to weak market sentiments from the poor CPI and WPI numbers. Any near term rate revision can be ruled out due to rise in inflation.
In the international markets, US markets faired on Tuesday after a sharp decline to bounce back with str..
Rs in Cr.
RBI MONETARY POLICY – IN LINE WITH MARKET EXPECTATIONS
The RBI announced its first bi-monthly monetary policy and kept its policy interest rate unchanged, as expected. The RBI kept its repo rate at 8%, reverse repo rate at 7%, bank rate and marginal standing facility rate at 9%. In addition RBI did not touch the reverse ratios, CRR at 4% and SLR at 23%...