On 29th January, 2013 the Reserve Bank of India cut its key policy rates - repo rate and cash reserve ratio - by 25 basis points each. The repo rate has been reduced from 8% to 7.75 % and cash reserve ratio from 4.25% to 4.00%, historically the lowest level. Nifty touched this years new hight of 6112, declined to 6043 and closed at 6050 with a loss of 25 points. Nifty futures range was 6041 - 6120.
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