Market disappointed with RBI MPC announcement, Sensex dropped 166 points, Nifty rests at 24,574
The Reserve Bank of India i.e. RBI’s MPC on Wednesday showed the impact of the news of no cuts in interest rates on the domestic stock market. It closed down on Wednesday. The BSE Sensex closed at the end of 80,543.99 at the end of the trading on August 6 at the end of the trading. Apart from this, NSE Nifty also fell 75.35 points to finally at 24,574.20 levels. According to the news, about 1293 shares rose in today’s business, 2584 shares declined while 153 shares did not change.
Rupee strengthened 15 paise
On Wednesday, the rupee strengthened 15 paise against the US dollar at 87.73 (provisional). The reform was observed due to the US dollar fluctuations and the Reserve Bank of India’s decision to keep the interest rates stable. According to Forex traders, although rising crude oil prices, weakness in domestic stock markets and the uncertainty over American tariffs on India limited the rupee lead. The rupee opened at 87.72 in the Interbank Foreign Exchange Market and remained under 87.63 to 87.80 a day, finally it closed at 87.73. It closed at 87.88 on Tuesday, the lowest level ever.
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