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The Nifty Bank index was choppy after the RBI left the repo rate unchanged at 6% but increased the Consumer Price Index inflation target.
The RBI, at its fifth Bi-Monthly Monetary Policy meet, increased the Consumer Price Index inflation target for Oct-Mar to 4.3%-4.7% from 4.2%-4.6% earlier.
The Nifty Bank index was down nearly 1%.
Canara Bank is currently trading at Rs362, down by Rs11.3 or 3.03% from its previous closing of Rs 373.3 on the BSE The scrip opened at Rs370 and has touched a high and low of Rs373.4 and Rs361.15 respectively.
Punjab National Bank is currently trading at Rs171.35, down by Rs4.65 or 2.64% from its previous closing of Rs176 on the BSE. The scrip opened at Rs174 and has touched a high and low of Rs175.7 and Rs171.1 respectively.
State Bank of India is currently trading at Rs312, down by Rs7.3 or 2.29% from its previous closing of Rs319.3 on the BSE. The scrip opened at Rs317.7 and has touched a high and low of Rs317.7 and Rs 311.45 respectively.
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