Sensex cold to RBI's 25 bps rate cut, down 129 points
In the wake of record low retail inflation, the monetary policy committee (MPC) headed by RBI Governor slashed policy repo rate by 25 basis points to 6 percent and reverse repo by a similar proportion to 5.75 percent.
Aug 02, 2017, 15:14 PM IST
RBI policy action no surprise for markets, indices slide
The decision to lower the benchmark rate by 25 bps to 6 percent was already factored in, traders said. They added that no change in cash reserve ratio (CRR) left the markets cold too.
Aug 02, 2017, 15:14 PM IST
