Indian markets fell 1.2% amid global jitters and profit booking. July 10 marked a trend reversal as forecasted, with key support and resistance levels holding accurately. The upcoming July 15 is flagged as a High Alert Day. Traders are advised to follow time zones and price pivots closely.
RBI eases restrictions on cash credit accounts, eases current account norms
The Reserve Bank of India has lifted all restrictions on banks opening and maintaining cash credit accounts, offering greater flexibility for short-term working capital loans.