Banking Indices Fall After RBI Discontinues LoUs 👍👍👍

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
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Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600

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