Quotes with Resistance & Support
Market Information

Credit Policy: RBI raises policy rates, CRR by 25 bps

This article was posted on Apr 20, 2010 and is filed under Market News

In it annual credit policy review, the Reserve Bank of India raised the repo, reverse repo rates and the CRR by 25 basis points each. This is in line with street expectation, although a section of the market was expecting a 50 bps hike in the CRR. Markets have started witnessing a relief rally, both on bonds and equities.

Inflation concerns topped the list of tasks at hand and it was known that the apex bank would act on the policy rates.

Tags: , ,

Similar Posts:

Breakouts

+ve 30 DMA    50 DMA    150 DMA    200 DMA
-ve 30 DMA    50 DMA    150 DMA    200 DMA

Latest Query

Sir, How does Alahabad \bank looks for short to medium term investment? Thanks...view more »
- by Sathya
Status: Awaiting reply

Market Stats

  • Nasdaq
    6426.92
    +4.00
    [+0.07%]
  • Nikkei 225
    20296.45
    -51.00
    [-0.25%]
  • Hang Seng
    27880.53
    -229.00
    [-0.82%]
  • Straits Times
    3220.25
    +6.00
    [+0.20%]
  • FTSE 100
    7310.64
    +46.00
    [+0.64%]
  • CAC 40
    5281.29
    +14.00
    [+0.27%]

Search Our Archives

Latest Investment Idea

Recent Comments