Reserve Bank of India’s Steady Repo Rate Boosts Rate-Sensitive Shares in Bullish Market Response

Shares of rate-sensitive companies surged in the wake of the Reserve Bank of India’s (RBI) decision to keep the repo rate steady at 6.5 percent for the fourth consecutive time.

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The RBI’s monetary policy committee (MPC) also reaffirmed its commitment to managing inflation and supporting economic growth.

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This decision aligns with the medium-term CPI inflation target of 4 percent with a +/- 2 percent tolerance band.

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