RBI Cuts CRR by 50 bps Addressing Liquidity Concerns

The 10Y G-Sec yield fell 2 bps to 6.72%, while RBI cut CRR by 50 bps and raised FCNR(B) deposit rates to attract capital. Nifty gained 2.27%, and Brent crude dropped 2.58% to $71.06. U.S. job growth rebounded to 227K, with unemployment at 4.2%, while 10Y UST eased to 4.15%.

Sambit Roy

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