The reason is that when interest rates fall, stock markets rise. For instance, the RBI cut the repo rate by 300 bps (from 9% to 6%) between April 2001 and March 2004, and the Sensex rose 63%.
Private, Sector Latest & Top Breaking News – Stocks plunge despite rbi rate cut, financials under pressure Equity benchmark indices were dragged down by financial stocks in afternoon trade on Thursday even though the Reserve Bank of India (RBI) reduced repo rate by 25 basis points to 5.75 per cent in its second bi-monthly monetary policy.
See how the plunge. financial stocks with the big four banks suffering heavy losses despite individual actions. Westpac Banking Corp slumped 4.887 per cent to $17.92 after following Commonwealth.
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The monetary authority, which is the central bank of a country, is vested with the responsibility of conducting monetary policy. The term monetary policy refers to what the central bank does, and the instruments it uses under its control, to influence the amount of money and credit in the economy.
· Global Market Rout Spreads Amid N.Korea Fears: China Stocks, Currency Plunge; Friday, 11 august 2017. dax futures dip to approach 200-DMA, financials under pressure after HSBC warns low-vol environment could hit 2H revenues. CHF and JPY marginally outperform in G-10, EMFX weaker against USD across the board..
Though the Reserve Bank of India. RBI Cautious Despite Pressure for Rate Cuts: Report.. cut interest rates in response to the global financial crisis to 4.75 per cent by April 2009, from 9.
1 day ago · The article also stated that if the RBI does cut rates next month, it will be the most aggressive amongst dovish central banks in Asia. The last time RBI delivered so many back-to-back cuts was after the global financial crisis over a decade ago, when most major central banks went on a cutting spree to revive economic growth.
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Mumbai (Maharashtra) [India], June 6 (ANI): Equity benchmark indices were dragged down by financial stocks in afternoon trade on Thursday even though the Reserve Bank of India (RBI) reduced repo rate by 25 basis points to 5.75 per cent in its second bi-monthly monetary policy meet of fiscal 2019-20.
RBI governor has clarified earlier that there is no liquidity deficit in the banking system. RBI’s monetary policy committee (MPC), led by Governor Shaktikanta Das, announced a 25 basis points cut in the short-term lending rate, also known as repo or repurchase rate, in its first bi-monthly rate review of financial year 2019-20.