INSUBCONTINENT EXCLUSIVE:
On Wednesday, the rupee had closed higher at 71.53 against dollar.
The rupee strengthened by 24 paise to
settle at 71.29 against the dollar on Thursday after the RBI promised to continue with "accommodative" stance in its monetary policy
The central bank, however, decided to keep key interest rate unchanged in its fifth bi-monthly monetary policy for the ongoing financial
The rupee traded on a flat note for a better part of the session but briefly fell post RBI monetary policy announcement
It, however, recovered swiftly in the last hour of the trade to close higher at 71.29
On Wednesday, the rupee had closed higher at 71.53 against dollar
expected the central bank to cut rates for the sixth time to support a slowing economy.All six members of the Monetary Policy Committee
voted to maintain the repo rate at the existing level and hold the reverse repo rate at 4.90 per cent."India's sovereign bonds declined the
most in more than two months, the benchmark 10-year bond yield bonds rose 13 basis points to 6.60 per cent, after central bank kept policy
rate unchanged The MPC also decided to continue with the accommodative stance as long as it is necessary to revive growth," HDFC Securities
0.2 per cent to settle at 12,018 on Thursday.Foreign institutional investors (FIIs) remained net sellers in the capital market, pulling out
