RBI ups CRR by 50 bps - Will stops the Bull run

Thebullishtrends: The Reserve Bank of India, or RBI, has hiked CRR by 50 bps to 8% in two stages. The first 25 bps CRR hike will be effective April 26 while the second 25 bps hike will be effective May 10. The 50 bps hike would drain Rs 18,500 crore from the system. RBI's CRR hike will affect the stock market bull trend, markets are expected to open in a dull note on Monday