20 August 2014, 10 : 19
MARKET VIEW DATED 18 AUGUST 2014
Stock markets witnessed an undisturbed rally throughout last Thursday in a truncated holiday week. India’s WPI i.e. the Wholesale Price Index (WPI) in July eased to a 5 month low at 5.19% as against expectations 5.1%.
The Rupee was trading stronger by 44 points at 60.79/USD amid dollar selling by b..
Rs in Cr.
RBI POLICY REVIEW – MUCH BETTER THAN MARKET EXPECTATIONS
The RBI extended a welcoming hand to the new Prime Minister. While leaving rates on hold, as expected, India's central bank cut the statutory liquidity ratio and struck a dovish tone in its statement.
While reiterating their goal of bringing headline CPI down to 8% by January, officials noted that ..