Sensex Makes Gains Despite Status Quo In Policy Rates


The Sensex touched a high of 26,737.36 points and a low of 26,547.44 points in the trade so far.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) too was trading flat. It was trading at 17.10 points or 0.21 percent up at 7,976 points.

The apex bank also maintained the reverse repo rate, or the interest that the RBI pays to commercial banks when they park their surplus short-term funds with the central bank, has been adjusted to 7 percent.

The Cash Reserve Ratio (CRR) was unchanged at 4 percent. The marginal standing facility rate and the Bank Rate was left unchanged at 9 percent.

The statutory liquidity ratio (SLR), the mandatory amount of bonds lenders must keep with the RBI, has been maintained to 22.0 percent of their net demand and time liabilities (NDTL).

The central bank’s action is on the expected lines as most analysts predicted a status quo, considering the macro-economic situation and current data.

Source: PTI