Highlights: RBI’s monetary policy before the equity markets


Mumbai: Bombay share market sensex gained over 58 points, in early trading today. And so the flow of foreign funds amid a mixed Asian trend Tuesday before the RBI's monetary policy review has been given positive area. 37 paisa in the rupee against the dollar also helped the rise in the index.

Sensex on Friday fell by 0.11 points to 58.39 points, or 0.21 percent ended up today reached 26901.42. NSE Nifty gained 13.65 points, or 0.17 per cent, at 8234.45 was running.

Future announcements are likely to be made by the panel which would be dominated by RBI officials. 

Future statements will not have the stamp of the governor. Finance minister Arun Jaitley in the Budget had said that the monetary policy will have six members, with three each being nominated by the government and the RBI. While the monetary policy committee's decision will be binding on the RBI.