RBI Rate Cut Boosts Indian Stocks

  Published 1 year ago

Indian shares rebounded Friday after the RBI unexpectedly cut its repo rate by 50 bps and the CRR by 100 bps, shifting to a neutral policy stance. This spurred gains across sectors, particularly realty, auto, and financials, driven by easing inflation and strong growth.

  • RBI cut repo rate by 50 bps.
  • CRR reduced by 100 basis points.
  • Realty & financials led the gains.

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