|Chennai||Rs. 28730.00 (1.13%)|
|Mumbai||Rs. 29740.00 (-0.13%)|
|Delhi||Rs. 29200.00 (0%)|
|Kolkata||Rs. 29350.00 (0%)|
|Kerala||Rs. 28000.00 (0%)|
|Bangalore||Rs. 28400.00 (0%)|
|Hyderabad||Rs. 28470.00 (-0.11%)|
The market has come off its earlier high and is currently quite volatile, with investors turning a bit listless following the Reserve Bank of India cutting repo rate by 25 basis points to 7.5%. The Reverse Repo rate has now come down to 6.5%.
The central bank, which has left CRR unchanged, says inflation remains a major concern and that room for further monetary easing is quite limited.
Though the 25 basis points cut in repo rate is on expected lines, the market has tumbled into the red, with news that the ruling coalition DMK has come out of the government, raising concerns on the political front.