RBI MPC policy meet: Rate-sensitive stocks trade lower after RBI keeps repo rate unchanged
RBI MPC Policy meet: The Nifty Bank was down half a per cent at 44,652.7. Barring IndusInd Bank, all the bank stocks were trading lower between 0.41 per cent to 1.39 per cent.
RBI MPC Policy meet: Rate-sensitive stocks were trading in the red zone after RBI Governor Shaktikanta Das announced that the monetary policy committee (MPC) of the Reserve Bank of India (RBI) unanimously decided to keep the repo rate unchanged at 6.50 per cent in the second bi-monthly monetary policy of the current fiscal (FY23–24).
At the time of writing this news, all rate-sensitive stocks were trading lower, between 0.03 and 0.56 per cent.
Rate-sensitive stocks are shares of those companies that see their market value fluctuate with changes in interest rates.
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