RBI Comfortable With Repo Rate Vs CPI Target Rate – Deputy Governor

The Reserve Bank of India is “comfortable” with interest rates being “slightly” higher than its stated preference of having a difference between the repo rate and the inflation target of 1.75 percent, Deputy Governor Viral Acharya said on Wednesday.
The difference now stands at 2 percent, after the RBI cut the repo rate by 25 basis points to 6 percent, above the central bank’s inflation target of 4 percent.
“I think we are just slightly outside of the range of 1.75 percent and we are comfortable with that,” Acharya said.
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Ways2Capital Update : Nifty Opened At 10,010.55, Sensex Opened At 32,350.71

Let’s Celebrate Growth and Success!
The NIFTY 50 index is National Stock Exchange of India’s benchmark stock market index for the very first time in history of Indian Stock Market,
Nifty breaches 10,000-mark for first time in today’s opening trade, Sensex surges too.
Nifty opened at 10,010.55, gaining 44.15 points while the 30-share BSE Sensex opened at 32,350.71, up by 104.84 points.
The rally in the opening trade was led by metal, banking, realty and FMCG stocks.
However, soon after opening, the Nifty slipped below the landmark, making the affair a touch-and-go one.
As per our experts opinion Nifty needs to cross the mark of 10,025-30, to be able to hold on to the gains.
We would like to congratulate you all for this historic milestone economic event.
We are lucky to have witnessed level of 10,000.
We would like to update you all that here in Ways2Capital today.
we are celebrating Success of Nifty by giving flat discount of 10% on all service category.
To download our official Android App now click on the link below :
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