Rate sensitive sectors warrant attention in equity
The Reserve bank of India (RBI), as widely expected, left the policy rates unchanged in its second bi-monthly monetary policy statement on Tuesday. However, the central bank did cut the statutory liquidity ratio (SLR) by 50 basis points to 22.5%. SLR is the proportion of net demand and time liabilities that banks are required to maintain in specified instruments. One basis point is one-hundredth of a percentage point.
Recommended For You
Select your Category
Internet Not Available
Wait for it…
Log in to our website to save your bookmarks. It'll just take a moment.