The Reserve Bank of India (RBI), in its fifth Bi-monthly Monetary Policy Statement for 2015-16, has decided to keep the repo rate same, with no pulls or pressure from the market. Governor Raghuram Rajan declared that the Repo Rate will be maintained at 6.75%, with CRR at 4%. Reverse Repo Rate is held at 5.75%.
At 2:01 PM, the S&P BSE Sensex is trading at 26,151 up mere five points, while NSE Nifty is trading at 7,942 up seven points. The BSE Mid-cap Index is trading up 0.52% at 11,047, whereas BSE Small-cap Index is trading up 0.31% at 11,672.
Vedanta, Tata Steel, Dr. Reddy's Lab, Hindalco, Coal India, Wipro, ONGC, Lupin and NTPC are among the gainers, whereas Bharti Airtel, GAIL, Axis Bank, Tata Motors, Hero MotoCorp, Infosys and L&T are losing sheen on BSE.
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