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Rate-sensitive stocks trade firm as RBI keeps key policy rates unchanged

At 10:52 am, Nifty PSU Bank, Nifty Auto and Nifty Realty indices were trading higher in the range of 1 per cent to 1.5 per cent on the NSE

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Photo | Bloomberg

SI Reporter Mumbai
Rate-sensitive stocks, from sectors like banks, financials, automobiles and real estate, were trading firm on the National Stock Exchange (NSE) on Wednesday after the Reserve Bank of India kept key policy rates unchanged as the economy faces a renewed threat to growth from the Covid-19 pandemic, with new cases hitting a record.

“It also unanimously decided to continue with the accommodative stance as long as necessary to sustain growth on a durable basis and continue to mitigate the impact of COVID-19 on the economy, while ensuring that inflation remains within the target going forward. The marginal standing facility (MSF) rate