NIFTY  8,879.60  -0.19%
  SENSEX  28,743.30  -0.24%
 CURRENCY  Rs  66.71/$ 70.60/€, 82.92/£
  GOLD  29,540.00  -0.57%
  SILVER  43,138.00  -0.66%
  DAX  11,822.70  0.16%
  FTSE  7,253.00  0.13%
  CAC  4,845.18  -0.00%
  HANG SENG  23,740.70  -0.77%
  NIKKEI  19,119.00  0.06%
  Shanghai Composite  3,241.73  0.22%
  DOW JONES  20,837.40  0.07%
  NASDAQ  5,861.90  0.28%
  S&P 500  2,369.75  0.10%
RUPEE AT CLOSE - Rupee Ends At 66.69/$ Vs 66.70/$ On Monday CORE SECTOR DATA - Jan Petroleum Refinery Products Output Growth -1.5% Vs 6.4% MoM

RBI Liquidity Tightening Measures Backfire

Video:

Play this video

A week after the RBI’s liquidity tightening measures, Bloomberg TV India examines the impact and collateral damage. The rupee soon headed back to 60 and FIIs pulled money out of markets, which prompted both the Prime Minister and Finance Minister to offer clarifications on the central bank’s measures. We review the current government stand, evaluate the impact on money markets and offer some expert views on the RBI move in this segment of Big Story.