Indian Government is seen to take many positive steps towards Indian Economy this time. A sudden cut in Repo rate was really a big step towards the Indian Economy. This was the first Repo rate cut since 2003. RBI Meeting was assumed to take place on 23rd October, 2008 for Repo Rate cut, but it was surprising as well as good news to see that Today, RBI declared Repo rate cut with immediate effect. Now wait for the second quaterly results of few big companies on 23rd and 24th October, 2008, which would surely be reflected in the market.
This time the government is really coming forward to normalize this crises.
This time the government is really coming forward to normalize this crises.
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