Epic Update RBI
Equity benchmarks remained under pressure with the Sensex falling 146.17 points to 26246.59 and the Nifty down 38.30 points at 8104.85 after the unexpected outcome of RBI MPC.
About 1490 shares declined against 1045 advancing shares on the BSE.
RBI says Rs 11 lakh crore of old notes (Rs 500 and Rs 1,000) have come back into the system so far. Demonetisation may bring down CPI by 10-15 basis points in October-December quarter.
Oil price and financial market turbulence are risk to March 2017 CPI target.
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