Market Live: Sensex Surges Nearly 600 Points After RBI Announcement | NYOOOZ TV
Автор: NYOOOZ TV
Загружено: 2018-04-05
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The Sensex surged nearly 600 points to 33,632-mark while Nifty soared above 10,300
Indian stock markets extended gains after RBI cut the inflation forecast
The RBI announcement triggered a rally in banking stocks and bond markets
RBI cut its consumer inflation lower to 4.7-5.1 percent for the first half of 2018-19 (April-September)
The index for banking stocks, Bank Nifty, surged over 2 percent.
The Reserve Bank today also kept the key policy rate unchanged at 6 per cent for the fourth consecutive time since August last year in view of uncertainties around inflation. The Monetary Policy Committee (MPC), headed by RBI Governor Urjit Patel, had last reduced the benchmark lending rate by 0.25 percentage points to 6 per cent last August, the lowest since November 2010.
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