 "Rate sensitive shares trade firm post RBI policy; PSU Bank index up 1%")
Shares of rate sensitive sectors such as financials, automobiles and real estate were trading firm after the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) kept the repo rate and reverse repo rate unchanged at 6% and 5.75%, respectively, at Wednesday's monetary policy review, keeping in line with what analysts and experts had forecast.
MPC also maintained the cash reserve ratio (CRR) at 4%, but cut statutory liquidity ratio (SLR) requirement by 50 basis points to 19.5%.
Nifty Bank and Nifty Private Bank index ended flat, while Nifty PSU Bank index up nearly 1% on the
MPC also maintained the cash reserve ratio (CRR) at 4%, but cut statutory liquidity ratio (SLR) requirement by 50 basis points to 19.5%.
Nifty Bank and Nifty Private Bank index ended flat, while Nifty PSU Bank index up nearly 1% on the
