After RBI’s Monetary Policy Decision, Sensex Nifty Edges Lower

Reserve Bank of India continues with key interest rates unchanged as most expected and maintained its accommodative stance to support and revive economic growth.

The Sensex benchmarks opened higher and after the RBI’s monetary policy decision the picture edged lower on account of profit booking after RBI held rates steady.

The Sensex fell by 334 points from the day’s highest point and the Nifty 50 index touched an intraday low of 15,642.55 after hitting a record high of 15,733.60.

The RBI Governor Shaktikanta Das said at the end of the three-day Monetary Policy Committee (MPC) meeting on Wednesday that the rate at which RBI borrows money from banks remains unchanged at 3.35 percent.

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