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Markets Closed Lower, RBI Repo-Rate Cut Fail To Cheer Street

Benchmark indices extended fall with the Nifty50 falling below its key level of 11,600. The RBI reduced repo-rate by 25bps to 6% today, in line with expectation and kept the stance unchanged to Neutral. The Nifty IT index was the top loser declining 1.37% in spite of the rupee at...
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RBI Reduces Key Interest Rate By 25bps, Markets Volatile

In line with market expectations, the Reserve bank of India (RBI), its first bi-month Monetary Policy Committee meeting on Thursday, reduced key benchmark policy rates by 25bps to 6.00%, in a 4-2 split vote on Thursday. The repo-rate, at which commercial banks borrow from the RBI, now stands at 6%.  The...
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The Bank Stock Up after RBI lifted the lending curbs

Shares in Corporation Bank, Allahabad Bank and Dhanlaxmi Bank surged in early morning deals after the RBI took them out of the PCA framework and permitted them to resurrect normal lending activities and expansion of businesses. However, the relaxation is conditional on regular monitoring, the decision has been taken after the...
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RBI cuts repo-rate 25-bps, Stock reverse gains

The RBI’s Monetary Policy Committee (MPC) has slashed the repo rate by 25 bps in its sixth bi-monthly monetary policy statement for 2018-19. The three-day policy review meeting by the MPC started in Mumbai on Tuesday, headed by newly appointed RBI Governor Shri Shaktikanta Das. The MPC has cut the...
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Mid-Market View: Banking stocks Buzz on bourses

Banking stocks such as PSU Bank, Private Bank, Financial Services including Non banking financial companies (NBFCs) extended on Thursday post the appointment of the new RBI Governor. During Mid-noon hours of trade, the Nifty PSU Banks index is seen 1.72% up led by Indian Bank, which rose 6%, followed by Bank...