The move has come after the price of tur and urad saw a sharp jump in prices this week. The prices of the two commodities have been high since early this year which has influenced prices of the entire pulses complex. Lower-than-expected arrivals coupled with good demand are keeping prices under pressure. The government has already allowed the import of both commodities at zero duty till March 2024.
Monetary policy expectations impact stocks more than rate moves: RBI paper
Equity markets are impacted more by the expectations of future monetary policy than the policy rate surprises on the day of announcement of the policy