MPC HIKES REPO RATE BY 25 BASIS POINTS TO 6.25 – RBI Monetary Policy Prediction Today Rocking
GOLD SILVER REPORTS PAR SABSE PHELE FORECAST KIYA KI REPO RATE HIKE HOGA RBI Monetary Policy Prediction Today Rocking
Gold Silver Reports (GSR) – MPC HIKES REPO RATE BY 25 BASIS POINTS TO 6.25 – The Reserve Bank of India’s (RBI’s) monetary policy committee (MPC) is set to announce its decision on key policy rates today after 2.30pm following a three-day meeting that began 4 June. While the market expects the key repo rate to be kept unchanged, RBI may signal withdrawal of its accommodative policy. Of the 15 economists surveyed by Mint, 11 expect the central bank to keep the rate unchanged at 6%. Only four economists expect RBI to raise rates by 25 basis points (bps).
RBI’s Monetary Policy Committee Hikes Repo Rate By 25 Basis Points
Reserve Bank of India’s monetary policy committee raised repo rate by 25 basis points to 6.25 percent from 6.00 percent while maintaining the neutral stance.
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Sensex, Nifty Resume Uptrend After RBI Keeps Neutral Stance
Indian equity benchmarks extended gains after the Reserve Bank of India maintained its neutral stance while raising repo rate by 25 basis points. The S&P BSE Sensex rose 325 points or 0.9 percent to 35,220 and the NSE Nifty 50 index gained 0.9 percent or 95 points to 10,688.