RBI maintains status quo, keeps key interest rates unchanged; Here’s how market responded
时间:2024-06-26 15:25:55 阅读(143)
RBI Governor Shaktikanta Das announced its fourth bi-monthly monetary policy today in which he said that the central bank has decided to keep the repo rate unchanged at 6.50% and adopted a stance of ‘withdrawal of accommodation. The RBI governor said, “After a detailed assessment of the evolving macroeconomic and financial developments and the outlook, RBI’s Monetary Policy Committee decided unanimously to keep the Policy Repo Rate unchanged at 6.5%.”
When the RBI keeps the repo rate unchanged, it means that the central bank is maintaining the current level of interest rates at which it lends money to commercial banks.
“The RBI’s decision to maintain the status quo in its policy has been received positively by the market, despite growing concerns about rising inflation on a global scale. Nevertheless, the impact of this decision is expected to be limited, as the market’s attention is anticipated to shift towards global market dynamics, notably the dollar index and US bond yields,” said Santosh Meena, Head of Research, Swastika Investmart.
Here’s how the Key indices on NSE respondedBank NiftyFollowing the RBI’s decision to maintain the status quo, The Bank Nifty index gained 0.64% to 44, 500.70 during the intra-day trade on Friday. IndusInd bank, Bandhan Bank and Bank of Baroda were among the top stocks to lead the gains.
PSU BankThe PSU Bank stocks surged over 1.21% to 5,267.50 during the intra-day trade on Friday. Canara Bank, Bank of Baroda, Union Bank of India and SBI were among the top stocks to lead the gains.
AutoAuto stocks added 0.77% to 16,039.80 during the intra-day trade on Friday. The top gainers included Bharat Forge, Bosch and Mahindra & Mahindra.
RealtyRealty stocks surged 1.25% to 577.10 during the intra-day trade on Friday. The top gainers included Brigade Enterprises, Godrej Properties, Microtech Developers, Sobha and Prestige Estates.
上一篇:Buy these 4 stocks for gains, charts show strength; Sensex, Nifty fall below support levels
下一篇:WinZO teams up with IITs and US universities; develops skill-based game statistical model
猜你喜欢
- Sebi may expand disclosure requirements for QIP proceeds
- Buy these two stocks for near-term gains; Nifty set to scale fresh highs in coming sessions
- SBI raises Rs 10,000 crore via unsecured long-term infra bonds
- Updater Services opens, price band at Rs 280-300; should you subscribe to the issue-
- Buy these two stocks for next one month; charts show strong support as Nifty reverses downtrend
- Upcoming tech IPOs likely to see valuation correction- Redseer CEO
- USD INR trend to remain bullish above 77
- USISPF Strengthens Economic Bonds- Partnering with Vibrant Gujarat Global Summit 2024
- Sebi proposes to tweak ‘unpublished price sensitive information’ definition to bring uniformity