==>> Rs. 2.25 lacs injected by RBI by way of rate cuts..

Today market opened on the positive zone on back of rally seen in the US markets after the announcement of the 1% cut in the prime lending rate. China, Hongkong also announced the similar rate cut. Japan's Nikkei fell down by around 5% after not so expected rate cut. Japan announced 0.20% rate cut.
Indian markets opened strong with a gap. Inflation declined for the 5th consecutie week. Inflation for the week was at 10.68 %. Experts see inflation falling down till a single digit figure. Gold has been some selling pressure. Crude prices fell down again, worrying low demand from the emerging economies. Global markets have been in the green since last 2-3 days. Indian markets have misssed that rally on Thrusday. Sensex opened in the green with a gap and sharply rallied around 700 points. Market men ran to cover their shorts, that lead to rally 14% rally in the reliance. Hdfc & JP +17%, ICICI Bank +15%, Tata steel & tata power +13%...

To fight with the liquidity crisis RBI has cut down Repo rate by 50 bps, CRR by 100 bps & SLR by 100 bps. The cuts in the near past will inject round about Rs.2.25 lacs Crores into the system.