Finance Minister Nirmala Sitharaman said that authorities will make sure that public sector and private banks pass on the benefits of rate cuts to consumers.
Market analyst Ashwani Gujral has suggested private banking and financial services counters for today’s trade.
Indian government recently announced a package for ailing businesses and individuals due to COVID-19 lockdowns.
Indian markets opened strong on Monday and NSE Nifty scaled 9,900 levels after many weeks of trading low due to COVID-19 panic in the markets.
Argentina has defaulted on its sovereign debt for the ninth time.
Indian government and RBI have been announcing various measures to improve lending to small and medium businesses.
