31 August 2014, 03 : 42
MARKET VIEW DATED 22 AUGUST 2014
Stock markets remained volatile throughout and finally ended with marginal gains. Nifty closed at 7890 i.e. up 15 points while SENSEX closed at 26360 i.e. up 46 points from the previous close.
Rupee traded under pressure due to strengthening of Dollar. Currently Rupee is trading at 60.74/USD.
Rs in Cr.
RBI POLICY REVIEW – MUCH BETTER THAN MARKET EXPECTATIONS
The RBI extended a welcoming hand to the new Prime Minister. While leaving rates on hold, as expected, India's central bank cut the statutory liquidity ratio and struck a dovish tone in its statement.
While reiterating their goal of bringing headline CPI down to 8% by January, officials noted that ..