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RBI Policy impact on ICICI Bank technical daily chart !!

Reserve Bank of India Governor Raghuram Rajan has kept interest rates unchanged at 8  % in his first post Modi win monetary policy.

However the SLR ratio has been cut by 50 basis points which means that bank would be able to infuse more money in the economy by increasing their lending capabilities. SLR suggest to amount that the commercial banks require to maintain in the form of govt approved securities or gold before lending credit to its customers.

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