No Immediate Change In Repo Rate

Against massive hope, today The Reserve Bank of India (RBI) announced no change in Repo rate and the Cash Reserve Ratio. Market was expecting and demanding at least 25 basis point cut from RBI’s quarterly monetary policy review.

The repo rate is remain at 8.0% while CRR stands at 4.75%.

 After the announcement the BSE sensex down by over 200 points and NSE fell by 61.55 points.

The investors are very unhappy with RBI’s decision.

Sprightly Spirit

About Sprightly Spirit

“I dare do all that may become a man. Who dares more is none”. And all, may be. It may be the vigor. Or the spirit. Or the courage to avoid being “politically correct” or bent. And, ban all averse with immaculate overture of graciously fathomable words firm in views. Subtle. Justifying the undying conscience. Values. Knowledge. And, dares to stay true. True to own. True to the world. And, to the words. With a dream in eyes it exists. In you. In me. In all. The sprite that never shies away. The spirit that never dies!
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