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Financing company SKS Microfinance Ltd today rose as much as 5.53 per cent, its biggest single-day percentage gain since October 28.
SKS has cut interest rates by 100 basis points to 19.75 per cent, effective December 7.
SKS says it sees marginal cost of borrowing to fall further in H2 of 2015/16 fiscal due to government agency refinance and funds from commercial papers.
The central bank move on Thursday to double the borrower limit to Rs 30,000 ($449.2) for microfinance loans for less than 24 months is seen as a positive for SKS ($1 = 66.7900 Indian rupees).
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