Rate-cut boost: Rupee jumps 11 paise to 85.68 against dollar; market rally and CRR cut lift sentiment
The rupee strengthened to 85.68 against the US dollar following a surprise 50 basis point repo rate cut by the RBI. This move, coupled with a phased CRR reduction, boosted domestic equities and injected liquidity into the banking system.
The rupee strengthened to 85.68 against the US dollar following a surprise 50 basis point repo rate cut by the RBI. This move, coupled with a phased CRR reduction, boosted domestic equities and injected liquidity into the banking system. What's Your Reaction?
