RBI Cuts Repo Rate from 6.5 to 6.25

After RBI cuts in Repo Rate from 6.50% to 6.25% i.e 25 basis point, and changes monetary policy stance to 'Neutral' a sharp recovery in Rupee have been seen. Gold and silver which was trading and consolidating in a narrow range at the start of the week, a fall in prices of more than 400 have seen on MCX till from the start of this week. 

In metals pack Zinc, Lead, Nickel showing a corrective move from last two days. Copper was firm and now showing some sign of weakness on MCX today.