India’s banking system faced a cash crunch. The Reserve Bank of India added funds to ease the situation. This followed negative balance of payments and foreign investor outflows. The RBI sold dollars to bolster the rupee. Trade deficit widened, and deposit growth slowed. These factors contributed to the liquidity deficit. Borrowing costs for banks and companies increased.
Positive Breakout: These 9 stocks cross above their 200 DMAs
In the Nifty200 pack, nine stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on April 15, according to stockedge.com’s technical scan data.
April 16, 2025