RBI cuts Repo Rate by 25 bps to 6.25 per cent; bond, equity market may go upward, say experts
Experts say RBI Repo Rate cut move would help equity and bond market to further go northward, though it is already at its peak if compared to the major emergind economies.
Tactical bias remains bullish on dollar-rupee. Immediate bullish pivot zone is 71.45/50 on spot. Resistance around 71.80 and 72.20 and 72.40/50 on spot. Nevertheless, incase of a break of 71.45, it can test 71.15/25 zone. Photo: Reuters