RBI Repo Rate Cut
This rate cut comes as the very strong trigger for the market as this was the 2nd repo rate cut after January and second rate cut for the year FY 14-15 After a rate cut announcement, Bank Nifty the banking share index, was up in green in early trade and touched a record high of 9191. 30 share index Sensex crossed its 30,000 mark. reality stock also zoomed after this announcement on the hope that this action will certainly drag interest rate down and will help out the in reducing the interest burden on outstanding loans.
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