Tuesday, April 3, 2007
Revising its key policy rates, the RBI has hiked the Cash Reserve Ratio by 0.5% to 6.5%, while the repo rate was increased by 0.25% to 7.75%. As expected and predicted, the markets have not taken well to this news, slipping deep into red on sustained selling pressure across scrips – the worst affected being auto, banking and capital good stocks. but now banking stock go high in two or three days after so take a plus position in that.
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