Stocks plunge despite RBI rate cut, financials under pressure

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Will a fresh and fourth quarter rate of the year boost etfs? india etfs have been suffering on a host of reasons despite easy money policy. Will Fourth Rate Cut in 2019 At All Help India ETFs Recover?

Yuan falls to lowest since Aug 2011 after Tuesday devaluation * asian stocks plunge, regional index at 2-year lows. currencies and commodities coming under selling pressure as money managers feared.

After closing the first couple days of the holiday-shortened week with modest gains, the EUR/USD pair came under pressure on Wednesday and erased its weekly gains. Despite a lack of macroeconomic data.

Among the financial stocks, ICICI Bank fell 2.46 per cent. Other heavyweights such as Reliance Industries and HDFC Bank, too, witnessed selling. NTPC and Coal India were the only gainers in the Sensex pack. Telegraph infographic. Rupee under pressure. The rupee, too, came under pressure on the weak stock markets even as crude oil prices inched up.

The Reserve Bank of India had cut its repo rate by 25 basis points to 5.75%. The central bank also change stance to accommodative. This was the third consecutive rate cut by RBI.

Stocks plunge despite RBI rate cut, financials under pressure.. Equity benchmark indices were dragged down by financial stocks in afternoon trade on Thursday even though the Reserve Bank of India (RBI) reduced repo rate by 25 basis points to 5.75 percent in its second bi-monthly monetary.

US stocks rose in early trading on Wednesday. Although global equities had been under pressure for much of December, the sell-off intensified after the Fed raised interest rates for a fourth time.

Despite the RBI likely to go for a rate cut in its policy review meeting next week, foreign investors, rather than being concerned, are giving the country’s markets a thumbs up Share Via Read Full.

Sensex tanks 554 pts, biggest one-day fall in 2019, despite RBI rate cut market wrap, June 11: Bank, metal stocks lift Sensex , Nifty over 11,950 The benchmark indices fell on Wednesday as the RBI reduced the annual growth forecast for the economy and cut interest to help revive demand. .

Reserve Bank of India Governor Urjit Patel. (PTI) If India’s central bank wasn’t feeling the pressure to cut interest rates after last week’s imbroglio with the government, it may be now.