As far as the levels are concerned, now the yesterday’s low, that is closer to around 19,500, becomes a support on an intraday basis; however, from a weekly perspective around 19,600 yet continues to remain a very important level on a closing basis.
Banks unlikely to reduce deposit rates despite RBI easing
Following the latest repo rate decrease, bankers foresee only slight adjustments to deposit rates. The landscape, characterized by sluggish savings yields and elevated credit-deposit ratios,