Sensex up 100pts post RBI monetary policy;repo rate cut by 25bps

Liquidity conditions have remained comfortable in Q3, with the Reserve Bank absorbing liquidity on a net basis through variable rate reverse repo auctions of varying tenors.
Liquidity was injected through open market purchases of Rs 20,000 crore in line with the system’s requirements. As a result, the weighted average call money rate (WACR) remained tightly aligned with the policy repo rate and, in fact, traded with a soft bias. Interest rates on commercial paper (CPs) and certificates of deposit (CD) also eased.


Nifty Bank inched half a percent from flat trade after RBI cut repo rate by 25 basis points to 6.25 percent.

Canara Bank, Federal Bank, Bank of India, PNB, SBI, Yes Bank, Bank of Baroda and ICICI Bank rallied 1-3 percent.

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