The Reserve Bank of India kept interest rates unchanged in its bi-monthly review on Tuesday, waiting to assess inflationary pressures and giving banks time to reflect on the central bank’s previous cuts in lending rates.
from Expert Zone:
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The Nifty continued its losing streak, falling 1.03 percent during the week to end at 8,570. The present market behaviour is in stark contrast to what we had witnessed in the last 12 months. Intraday rallies are being sold into and positive news flow is unable to sustain the markets at higher levels.