The RBI raised the repo rate by 25 bps to 5.50%, marking its first hike in four years. Despite market mixed reactions, benchmark indices like Sensex and Nifty saw recoveries post-announcement, with banking stocks showing strength while auto and real estate sectors declined.
The RBI raised the repo rate by 25 bps to 5.50%, marking its first hike in four years. Despite market mixed reactions, benchmark indices like Sensex and Nifty saw recoveries post-announcement, with banking stocks showing strength while auto and real estate sectors declined.
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