After last week's cut in cash reserve ratio (CRR) for scheduled banks, the Reserve Bank of India (RBI) kept both CRR and repo rates unchanged in today's mid-quarter monetary policy review meet. In reaction to this, the Indian stock markets have fallen further into the negative territory after opening trade on a weak note. At the time of writing, BSE Sensex was down by 217 points (1.2%). Red marks were seen across all sectoral indices. Asian stock markets presented a mixed picture with Japan (up by 0.7%) being the top gainer, while China (down by 0.7) faced selling pressure.
Friday, March 16, 2012
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