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Tuesday, September 29, 2015 (12:20 pm IST)
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Tue, Sep 29, 2015 at 11:00
Sensex, Nifty recover; RBI cuts repo rate by 50 bps
The market recovered sharply with the Nifty hitting 7800-mark after the Reserve Bank of India surprisingly cut repo rate by 50 basis points.
Tue, Sep 29, 2015 at 10:51
RBI surprises, cuts repo rate by 50 bps; keeps CRR at 4%
The focus of monetary action in the near term will now shift towards removing impediments in rate cut transmission by banks, the RBI said.
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