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Markets rally as rift between RBI, govt eases; global cues aid sentiment

Market players said the statement issued by the government to defuse the tension with the RBI had helped market sentiment

Topics
Liquidity Crunch  |  Rbi Vs Government  |  Reserve Bank Of India

Samie Modak & Anup Roy  |  Mumbai 



RBI
Reserve Bank of India

Stocks rallied on Wednesday after the government moved to ease concerns over the independence of the (RBI). Buzz that the government was mulling fresh steps to ease liquidity concerns triggered gains in the shares of non-banking financial companies (NBFCs) and banks. Also, positive global cues, following sharp overnight gains in the US markets, aided sentiment.

ALSO READ: Govt, RBI must bring in more measures to improve liquidity scenario: Ficci

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First Published: Thu, November 01 2018. 00:38 IST

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