Re: Bloodbath on the market
Hello,
On Friday when market was falling call money rate was 60%. In fact as oer the news it all happened because REL Power IPO was closing on that day, Banks were to report their cash under CRR and RBI system failed (Slowed down), for cash transanctions amongst the banks. Later in the day Call Money rate dropped down to 7.5% which is normal. This will definitly have its effect today.
Rajeev