RBI policy:- just do not expected to reduce your loan EMI. The Reserve bank if India credit policy today is not change in the rate. Reserve bank three repo rate, reverse repo rate and the CRR rate unchanged.
RBI policy no change repo rate unchanged at 8 per cent is stable. The CRR 4 per cent and the reserve repo rate steady 7 per cent. There is no change in RBI SLR is maintained at 22 per cent.
RBI says inflation due to the global crisis is likely to remain under pressure. Food inflation and fears of things remains.
The market update:- The Sensex is up 69.64 points or 0.26% at 26666.75, it touch a high of 26737.36 and touch a low of 26547.44.
The nifty is up 20.35 points or 0.26% at 7979.25, it touched a high of 7999.10 and touch a low of 7943.75.
Sensex top gainers:– HDFC 2.50%, Maruti Suzuki 1.74%, Cipla 1.64%, L&T 1.59%, Sun Pharma 1.56%, Bajaj Auto 1.47%, Hero motocrop 1.18%, Dr, Reddy’s 1.09%, Tata power 1.08%, BHEL 0.85%, ONGC 0.74%.
Sensex top losers:- Axis bank 0.96%, Infosys 0.88%, TCS 0.88%, Hindalco Inds 0.75%, Tata steel 0.62%, ITC 0.44%, M&M 0.42%, Gail 0.08%, RIL 0.03%.