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Wednesday 18 December 2013

RBI May Increase policy rate, Nifty Sensex down in a row


Indian stock market finished down in row of six day, ahead of RBI monetary policy on 18 December. According to market expectation the RBI is likely to hike its key policy rate by 0.25 per cent tomorrow due increasing in wholesale price index inflation as well as Consumer price index inflation. In November 2013 WPI inflation climbed to a 14 month high of 7.52 per cent while CPI inflation climbed to a 9 month high of 11.24 per cent. 


Nifty down 15.65 points at 6139.05 

Sensex down 47.38 points at 20,612.14

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