How RBI scared Sensex, rupee virtually to death: 10 reasons why
ZeeBiz WebTeam | Oct 05, 2018, 04:51 PM IST
Almost every analyst had predicted a repo rate hike to be announced by the RBI Governor Urjit Patel led MPC. While 50 bps hike was bandied about, what was mostly expected was a 25 bps hike. Instead, RBI shocked with an announcement of a status quo at 6.50%! This immediately sent the Sensex crashing by 900 points and caused the rupee to plunge to an all-time low of 74.290 against the US dollar. Here is how RBI fourth bi-monthly monetary statement for 2018-19 scared the wits out of the markets:
1/11
RBI keeps rates unchanged
2/11
Inflation Projection
3/11
Global Economy Outlook
4/11
Oil Prices
5/11
Domestic Macroeconomics
6/11
Investment Activity
8/11
Fiscal Slippage
9/11
Inflation Risk
10/11