(Before It's News)
The market pace was positive last week (6 Feb to 10 Feb) on firm global stocks. The RBI after its sixth bi-monthly monetary policy meeting on 8 February, decided to keep the policy repo rate unchanged at 6.25%. Effectively, the reverse repo rate under the liquidly adjust facility (LAF) remains unchanged at 5.75%, and the marginal standing facility (MSF) rate and the bank rate at 6.75%.
On Monday, 6 February 2017 indices settled with decent gains. The BSE Sensex, rose 198.76 points or 0.70% to settle at 28,439.28. The Nifty50 index rose 60.10 points or 0.69% to settle at 8,801.05. …….. Read More
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