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Day: August 6, 2021

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RBI monetary policy: Rate-sensitive stocks trade firm as MPC maintains status quo

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Rate-sensitive stocks were trading firm after Federal Reserve Bank of India’s Monetary Policy Committee (MPC) on Transfiguration left key interest rates unchanged at a record low. The repo rate remains at 4 percent and therefore the reverse repo rate at 3.35 percent. RBI Governor Shaktikanta Das said the policy stance continues to be “accommodative”. The auto, […]

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