Template-Type: ReDIF-Article 1.0 
Author-Name: Radeef Chundakkadan
Author-Name: Subash Sasidharan
Author-Email:  radeef@iitbhilai.ac.in
Author-Workplace-Name:  Department of Liberal Arts, Indian Institute of Technology Bhilai, India
Title: Monetary Policy Announcement and Stock Returns - Evidence From Long-Term Repo Operations in India
Abstract:  This paper investigates the impact of unconventional monetary policy on stock returns using the Reserve Bank of India’s long-term repo operations (LTROs). We provide evidence that firms listed on the Bombay Stock Exchange register higher returns on the days of LTRO announcements. We also find the stock returns of bank-dependent and financially constrained firms to be relatively higher on the days of announcements.
Classification-JEL:  I10,E5,G24
Keywords:  covid-19,monetary policy,stock returns
Journal:  Asian Economics Letters
Pages: 1-6
Volume: 3
Issue: 2
Year:  2022
DOI:  2022/06/16
File-URL:  https://a-e-l.scholasticahq.com/api/v1/articles/27117-monetary-policy-announcement-and-stock-returns-evidence-from-long-term-repo-operations-in-india.pdf
File-Format:  Application/pdf
Handle:  RePEc:ayb:jrnael:67