RBI’s decision to maintain the status quo keeping the repo rates unchanged at 4% indicates a continuation of its accommodative stance
Under G-SAP 1.0, the central bank will purchase Rs 1 lakh crore-worth government securities, and the last transaction of such acquisition to the tune
The benchmark equity index BSE Sensex traded 548 points, or 1.11%, higher at 49,749 at around 12 pm (IST)
The six-member MPC has kept the repo rate steady at 4% in the last four bi-monthly Monetary Policy Reviews.
Today, the start of session is likely to be cautious ahead of the Reserve Bank of India’s (RBI) monetary policy outcome later today.