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Dec
12

Policy rates unchanged in RBI December credit policy

 

RBI has left CRR and repo rate unchanged at 4.25% and 8% respectively in its December credit policy. There was knee-jerk reaction in market as large number of market participants were expecting at-least CRR cut. But Central bank has taken more dovish stance and guided for a repo rate cut in its January policy.

I have squared off sold Bharti 360 calls and sold few Ambuja cements 220 call.

 

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