Banking stocks rise on hopes of RBI Monetary Policy rate cut
Keki Mistry Vice Chairman and CEO of HDFC said, "One more rate cut is possible, we cannot say that it will happen with the same degree of certainty but there is still a possibility of 0.25% rate cut as inflation is under control. I do not see any reason that inflation may go up further, it is likely to be under check, hence will give RBI the ability or freedom to cut rates."
Bank Nifty rose over 64 points or 0.35% on NSE as investors hope for a rate cut in Reserve Bank of India's (RBI) fifth bi-monthly monetary policy. Photo: Pixabay