Gallery
Hockey India has announced a 54-member core probable squad for the upcoming senior men’s
- Satwik-Chirag return as BAI names 14-strong squad for BWF Sudirman Cup Finals 2025
- Men’s Sr Hockey Nationals to be played in division-based format from April 4
- Mensik denies Djokovic 100th title in Miami final
- KIPG: Son of a vegetable vendor, Bihar’s Jhandu Kumar eyes Worlds, 2028 Paralympics
- Hardik Singh credits hard work and team unity for receiving HI Midfielder of the Year award
| Sensex trades flat post RBI's decision to keep rates unchanged | ||||||||
|
||||||||
The Reserve Bank of India's decision to the policy rates unchanged failed to cheer the stock market as the key Indian equity shed gains and traded flat post the RBI Governor's announcement. Sensex trades flat post RBI's decision to keep rates unchanged Around 10.50 a.m., Sensex was trading at 52,182.23, lower by 50.2 points or 0.10 per cent from its previous close of 52,232.43.
It opened at 52,367.52 and has touched an intra-day high of 52,389.02 and low of 52,154.41 points.
The Nifty50 on the National Stock Exchange was trading at 15,679.00, lower by 11.35 points or 0.07 per cent from its previous close.
The Monetary Policy Committee (MPC) of RBI voted to maintain the repo rate, or short-term lending rate, for commercial banks at 4 per cent.
Likewise, the reverse repo rate was kept unchanged at 3.35 per cent, and the marginal standing facility (MSF) rate and the 'Bank Rate' at 4.25 per cent.
It was widely expected that MPC would hold rates and the accommodative stance.
Further, another development which subdued the investor sentiments was the RBI's downward revision of the growth forecast for the current financial year to 9.5 per cent from the previous estimate of 10.5 per cent.
Amid the severe second wave of Covid-19 and the lockdowns across states, the RBI has sharply reduced the growth estimate for the April-June quarter to 18.5 per cent. The previous estimate for the period was 26.2 per cent.
| ||||||||
| ||||||||
| For Latest Updates Please- Join us on  Follow us on  |
||||||||
What binds the two most talked about nations - India and Pakistan together? What makes the
Writer Smita Singh promises to bring a fresh twist to the horror genre with her latest pro
LG Electronics Inc said on Wednesday that it will introduce new C with its artificial inte
