The RBI board may have reached on a conclusion over the issues of liquidity and easing out PCA norms.

PNB Housing Finance was trading 0.89% lower, Indiabulls Housing Finance dipped 2.32%, Dewan Housing Finance rose 2.86%, Mahindra & Mahindra Financial Services fell by 0.74 per cent, Ujjivan Financial Services declined 0.22 per cent and Shriram Transport Finance softened by 0.85% on the BSE.

JSW Steel is planning to invest over Rs 5,000 crore to strengthen its downstream manufacturing capabilities, said company's Joint MD Seshagiri Rao

Patel is unlikely to yield under pressure and will rather mount a strong defence of the central bank's policies regarding stringent NPA recognition norms as well as measures taken to ease credit supply to MSMEs.

A U.S.-China Trade war undoubtedly presents opportunities for India's job-led manufacturing sector, but a conducive policy environment and synchronized U.S.-India agenda will determine the likelihood of these opportunities.

Clearly, the battle lines between the RBI and the government are drawn. The pressure is on the RBI to soften its so called rigid stance to find a way out.