The Reserve Bank of India aims to align market rates with the repo rate, but liquidity conditions have caused a disconnect. The weighted average call rate (WACR) has rarely been within 10 basis points of the repo rate. Liquidity conditions also impact government treasury bills and external loan benchmarks.
Big movers on D-Street: What should investors do with Bajaj Finance, Zomato and Adani Green?
Benchmark Sensex dives 930 points, Nifty slips below 24,500, marking over two-month lows due to widespread sell-off. Stocks like Adani Green, Zomato, and Bajaj Finance