The Nifty is holding above 7400 as RBI Governor Raghuram
Rajan unveils first monetary policy review under the NDA regime. The Nifty is
up 49.65 points at 7412.15 and the Sensex is up 160.09 points at 24844.94.
The
RBI has kept key rates intact, but lowers SLR rate. It says if the economy
stays on this course, further policy tightening will not be warranted. It
maintains tough rhetoric on CPI inflation.
The Indian rupee is flat and gilts is a tad
down. Traders are saying PSU banks are likely buying dollars. About 1663 shares
have advanced, 1067 shares declined, and 125 shares are unchanged.India has slipped to its lowest position in over
a decade in the foreign direct investment confidence index, which has been
topped by the United States for the second year in a row, a study has showed.
India attracted USD 25.5 billion in FDI inflows in 2012, down from USD 31.6
billion in 2011, according to 2014 A T Kearney Foreign Direct Investment
Confidence Index released on Monday. This is the lowest ranking for India since
2001.
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