The Reserve Bank of India (RBI) Monetary Policy Committee (MPC) has cut the repo rate by 25 bps, and currently stands at 6.25 percent. Tune in to the podcast below to see which stocks and sectors can benefit from the rate cut:
RBI Policy meet highlights: Policy rightfully signals rates may further soften further, says SBI Chairman
RBI Governor Shaktikanta Das promises to cut repo rate if inflation is below 4 percent.
The Reserve Bank of India's (RBI's) sixth bi-monthly monetary policy is scheduled today. The monetary policy committee (MPC) will take a decision on key policy rates and announce if they are changing their policy stance to 'neutral' from 'calibrated tightening'.