Nifty remained range bound during the day before closing flat. Sellers continued to dominate the market at higher levels. NBFC stocks rallied up to 15 per cent after the Reserve Bank of India (RBI) reduced risk weights on MFI loans and loans given to NBFCs.Rupee traded flat near 87.17 after experiencing high volatility, weakening to 87.54 before recovering to. 87.10. Gopi Adusumilli is the editor of SocialNews.XYZ and President of AGK Fire Inc. He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources. He has no bias or judgment towards any. of the news sources he writes about. He can be reached at gopi@socialnews.xyZ. He is also the president of AGk Fire Inc and is the author of the book, ‘India’s Next Billionaire,’ published by Harper Collins, priced £16.99.
