The benchmark indices ended marginally higher after the Reserve Bank of India (RBI) kept the repurchase (repo) rate unchanged at 6.25%, while lowering projections for inflation and striking a less hawkish tone in its second bi-monthly monetary policy for financial year 2017-18.
The RBI, however, cut banks' statutory liquidity ratio - the amount of government securities they must set aside - by 50 basis points to 20% of total deposits starting on June 24.
"We believe that the tone of the communique was much less hawkish than the April policy but do not expect any immediate cut in
"We believe that the tone of the communique was much less hawkish than the April policy but do not expect any immediate cut in
