Rate sensitive shares trade mixed after RBI keeps repo rate unchanged

At 11:38 am, the Nifty Bank, PSU Bank and Realty indices were trading in the red, while the Nifty Private Bank and Auto indices were trading marginally higher by up to 0.35 per cent on the NSE

Shares of rate sensitive sectors like real estate, automobiles and financials were trading mixed after the Reserve Bank of India's (RBI) monetary policy committee (MPC) kept the key interest rates unchanged for a seventh straight time on Friday, while retaining an accommodative stance to help revive the economy amid coronavirus-related stress.

The repo rate and reverse repo rate would remain unchanged at 4 per cent and 3.35 per cent, respectively, said RBI Governor Shaktikanta Das in a statement, after a three-day meeting of the committee in Mumbai. The central bank kept its FY22 GDP forecast at 9.5 per cent