The reserve requirement or cash reserve ratio is a central bank regulation that sets the minimum reserves each commercial bank must keep with RBI.
At 9.40 am IST, the 30-share BSE Sensex was trading at 16,802.79 up by 51.06 points or 0.30 and NSE Nifty was trading at 5063.85 up by 17.60 points or 0.35%.
Asian market remained closed on account of holiday.
Among sectoral indices on BSE, most of the sectors were trading in positive terrain except Realty (-0.18), Metal (-0.22) and Auto (-0.18). Consumer Durables, Capital goods, Oil & gas were leading the rally.
On the National Stock Exchange (NSE), the top volume gainers were BPCL, IDFC, L&T, Bharti Airtel and HDFC Bank posted gains between 1.08%-1.85%.
And the loser in the opening trade were Ster, DLF, Ranbaxy, Maruti and Hero MotoCop.