Tuesday, January 28, 2014

RBI surprises by raising repo rate by 25 bps

Today(28-1-14) RBI raised its policy repo rate by 25 basis points ie. from 7.75 to 8.00 percent and surprised the market. On hearing this though Nifty slipped 70 points, it recovered soon and closed at 6126 with a loss of 10 points. Nifty futures range was 6086 - 6172. Agni level for tomorrow is 6133.

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