Mumbai: Indian stock market’s benchmark Sensex opened 205 points down on Wednesday as the Reserve Bank of India (RBI) increased the policy repo rate by 50 basis points to 4.9 per cent. The 30 stock S&P BSE Sensex fell 205.27 points or 0.37 per cent to close at 54,902.07 points at 10:30 am. The broader […]
The Reserve Bank of India’s decision to keep the repo rate unchanged at 4% for the 10th time in a row and to maintain the accommodative stance reflects a more cautious approach in the wake of an erratic economic recovery and the continued impact of the pandemic. The Monetary Policy Committee (MPC) in its last […]