Stock Market Update: Reserve Bank of India has released the monetary policy review of December. To control inflation, the central bank has increased the policy interest rates for the 5th time in a row. After this, a series of breaks is being seen in the stock market.
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RBI MPC Effect on Share Market: The impact of the monetary policy of the Reserve Bank of India is visible on the stock markets. BSE Sensex after increase in Central Bank’s policy interest rates (Repo Rate) (BSE Sensex) and NSE Nifty (NSE Nifty) Both broke up. stock market (Stock Market) A declining trend is being observed.
After the introduction of monetary policy, the stock market continues to decline since 10.45 am. Within just 10 minutes, while the Sensex gained up to 200 points, the Nifty saw a decline of more than 60 points. Know what is the trend of the market
RBI increased interest rates
The Reserve Bank of India has once again increased the policy interest rates in December. The central bank has increased the repo rate by 0.35 percent. Now the new repo rate is 6.25 percent with immediate effect (Current Repo Rate) It is done. monetary policy committee (MPC) 5 out of 6 members voted in favor of it.
It was already expected that the Reserve Bank could change the repo rate. This is the 5th time in a row that the central bank has increased the repo rate. The reason for this is that the inflation rate still remains above 6 percent. The retail inflation rate in October was 6.77 percent. Although it was much less than 7.41 percent in September. There has been a total increase of 2.25 percent in the repo rate since April.
(This news is being updated)
English Headline : Stock Market response negative after RBI MPC meet outcome check Sensex and Nifty status.
Source: www.tv9hindi.com”