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RBI hikes CRR by 75 bps; repo rates untouched
The Reserve Bank of India, in its Monetary Policy review today has hiked the Cash Reserve Ratio (CRR) by 75 basis points (bps) to 5.75 per cent, while holding the repo and reverse repo rates steady in line with market expectations.
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Asian markets end in green; Hang Seng surges

The Asian markets have ended in the green today. - Asian markets end positive; Hang Seng up 2% - Asian markets end negative; Seoul Composite sheds 2% - Asian markets extend gains - Asian markets end in red; Hang Seng down 2% - Asian markets in red; Nikkei slumps - Asian markets pares gains towards the end The Hang Seng surged 378 points (1.7%) to 22,208. The Nikkei was up 20 points to 9,809. The Straits Times rallied 59 points (2%) to 2,689. The Taiwan Weighted gained 74 points (1%) to 7,537. The Shanghai Composite and the Seoul Composite were almost unchanged at 3,176 and 1,577, respectively. _________________________________________________ (Updated at 1131 hrs) The Hang Seng has advanced 234 points or 1% to 22,064. The Nikkei has added 35 points at 9,824. The Straits Times has added 37 points or 1.5% to 2,666. The Seoul Composite and the Taiwan Weighted Index are up over 0.5% each at 1,581 and 7,537, respectively. _____________________________________________________ (Updated at 0811hrs) The Asian markets have opened on a positive note. The Hang Seng has soared 280 points or 1% to 22,110. The Nikkei is up marginally at 9,797. The Shanghai Composite Index is up two points at 3,166. The Straits Times has added 36 points or 1% at 2,666 and the Taiwan Weighted Index has increased 74 points or 1% to 7,537. The Seoul Composite Index has moved up 16 points or 1% at 1,588.


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