Gold Silver Reports (GSR) – Shares of the government-owned and private sector lenders were trading lower after the Reserve Bank of India decided to discontinue issuance of letters of undertaking (LoU) and letters of comfort (LoC) for trade credit for imports into India.
Gauge of banking shares – Nifty Bank index declined 0.7 percent while the gauge of government-owned lenders Nifty PSU Bank index fell as much as 2.2 percent. – Neal Bhai Reports (NBR) – INDIA
