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RBI rate hike may see rate sensitive stocks bottom out. Time to buy?

Shares of banks and NBFCs seem to be better placed on the charts, while that of automobile, realty and others need to sustain above the crucial levels.

Topics
Shaktikanta Das | RBI repo rate | RBI Policy

Avdhut Bagkar  |  Mumbai 



stocks, stock market, m arket, sensex, growth, revenue, earnings, results, Q2,Q1, Q3, Q4, COMPANY, nse, bse,

The RBI Governor Shaktikant Das today raised the repo rate by 50 basis points (bps), on expected lines, as concerns over soaring inflation and rupee depreciation remain elevated. Earlier, in an off-cycle policy decision the Central Banker had raised repo rate by 40 bps in May 2022.

Also read: RBI raises repo rate to 4.9%; expects inflation to hurt for 3 quarters

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First Published: Wed, June 08 2022. 12:56 IST

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