RBI has tried to cut your loan EMI. RBI cuts repo rate by 0.25 per cent has announced, that the repo rate now is 7.25 per cent. The reverse repo rate is 6.25 per cent. While the RBI has CRR unchanged. So CRR will continue at 4 per cent.
Reduced from 7.8 per cent to 7.6 per cent growth, the RBI has projected. The RBI estimates of inflation has also increased. RBI projected inflation for January 2016 increased by 5.8 per cent to 6 per cent is made. On August 4, 2015, will next RBI policy.
Market update:- 11:30 AM,
The Sensex is down 315.71 points or 1.13% at 27533.28 and The Nifty index is declined 100.25 points or 1.19% at 8333.15. About 846 shares have advanced, 1174 shares declined and 128 shares are unchanged.
Indusindbk 3.17%, Hero motocrop 3.16%, HDFC 2.58%, ITC 2.80%, Yes bank 2.48%, SBIN 2.30%, Asian paints 2.13%, Bank of baroda 2.12%, Hindustan unilver 2.07%, Axis bank 2.04% were top losers today.