Tomorrow 23 September 2013 NSE BSE Best Stocks, RBI Credit Policy Affected Indian Stock Market and Rupee Goes Down

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Friday 20 September 2013, RBI new Governor Raghuram Rajan first time announced RBI monitory policy. In that policy RBI hike Repo rate by 0.25% now it is 7.5%. but in other side RBI reduce the marginal standing facility (MSF) rate by 75 basis points from 10.25 percent to 9.5 percent with immediate effect.

There are some other Change done in RBI Credit Policy these are :

Reduce the minimum daily maintenance of the cash reserve ratio (CRR) from 99 per centimages (5) of the requirement to 95 per cent effective from the fortnight beginning September 21, 2013, while keeping the CRR unchanged at 4.0 percent.

Consequently, the reverse repo rate under the LAF stands adjusted to 6.5 per cent and the Bank Rate stands reduced to 9.5 per cent with immediate effect. With these changes, the MSF rate and the Bank Rate are recalibrated to 200 basis points above the repo rate.

Market Closing Position – Ater Coming RBI Credit Policy Indian Share Market & Rupee both are goes down and NSE index Nifty closed at 6,012.10 with the decrement of 103.45 points or 1.69%, while BSE index SENSEX closed at 20,263.71 slip down 382.93 points or 1.85 percent.

Monday 23/09/2013 Best Equity Stocks to Trade

Motherson Sumi Systems Ltd, Cummins India Ltd, Jindal Steel & Power Ltd, Mahindra & Mahindra Ltd, HCL Technologies Ltd, GAIL India Ltd, Ambuja Cements Ltd, Reliance Infrastructure Ltd, Crisil India Ltd, IRB Infrastructure Development Ltd.

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