Thursday, June 5, 2014

Markets salute SLR cut with new high

.............“RBI, as expected, kept the rates unchanged, providing stability to the market. Significantly, the commentary is dovish. The two measures taken to reduce the SLR and export re-finance are long term in nature and unlikely to have any immediate relevance. The fact that this comes in the backdrop of a recent firm-up in inflation and RBI has conceded to give more weight to non-food-non-fuel inflation, can be viewed favourably,.......

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