Stocks plunge despite RBI rate cut, financials under pressure

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Reserve Bank of India Governor Urjit Patel. (PTI) If India’s central bank wasn’t feeling the pressure to cut interest rates after last week’s imbroglio with the government, it may be now.

Rate cut hopes drive Indian stocks to new heights Slowing inflation and doubts over demand could force the RBI’s hand KOTARO HIDAKA, NQN staff writer August 01, 2017 21:46 JST

Read more about Stocks plunge despite rbi rate cut, financials under pressure on Business Standard. Equity benchmark indices were dragged down by financial stocks in afternoon trade on Thursday even though the Reserve Bank of India (RBI) reduced repo rate by 25 basis points to 5.75 per cent in its second bi-monthly monetary policy meet of fiscal

Force traders said the surprise rate cut by the RBI, weakening. Shares of ADAG have been under huge stress, destructing investors’ wealth in quick time. Click here to read the report on L&T Finance.

Stocks plunge despite RBI rate cut, financials under pressure – Mumbai , June 6 : Equity benchmark indices were dragged down by financial stocks in afternoon trade on Thursday even though the.

The stock extended its post-earnings plunge from Wednesday after the firm missed on. That news has put the fitness tracking device maker’s shares under pressure, despite seeing revenue more than.

The BSE Sensex came under sharp selling. Bank saw strong selling pressure. Drugmaker Lupin, FMCG major HUL and tobacco major ITC were among the four gainers on Nifty. These stocks are considered to.

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Rate cut in consonance with medium-term CPI inflation objective, says RBI The central bank reiterated its objective of achieving its 4 per cent CPI inflation target, within a band of +/- 2 per.

Why India ETFs are Struggling Despite Back-to-Back Rate Cuts The RBI recently lowered the GDP growth rate for 2019-20 to 6.9%, as compared with the earlier estimate of 7%.

Why India ETFs are Struggling Despite Back-to-Back Rate Cuts The RBI recently lowered the GDP growth rate for 2019-20 to 6.9%, as compared with the earlier estimate of 7%.

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Despite the RBI likely to go for a rate cut in its policy review meeting next week, foreign investors, rather than being concerned, are giving the country’s markets a thumbs up

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