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It was after a long time that, on Friday, we saw the Nifty and Sensex make a recovery from the day’s lows – with the market breath also largely fine. This may appear to be a small thing to many, but what the RBI did on Wednesday was, more than anything else, an indication of its confidence in the rupee and the Indian banking system. And, in the world of finance, it is the central bank that should have the most faith in a country’s currency. That is precisely what the RBI’s policy initiatives underlined on Wednesday.
It was after a long time that, on Friday, we saw the Nifty and Sensex make a recovery from the day’s lows – with the market breath also largely fine. This may appear to be a small thing to many, but what the RBI did on Wednesday was, more than anything else, an indication of its confidence in the rupee and the Indian banking system. And, in the world of finance, it is the central bank that should have the most faith in a country’s currency. That is precisely what the RBI’s policy initiatives underlined on Wednesday.
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