Domestic benchmark equity indices turned volatile in afternoon trade Thursday after the RBI cut repo by 0.25 per cent for the second time in a row, but kept the policy stance at 'neutral' amid uncertainty over monsoon.
The Reserve Bank of India (RBI) on Thursday cut repo rate for the second consecutive time this year to 6 per cent from the current 6.25 per cent, a move that will cheer industry leaders over relief from high borrowing costs a week before the first ph
Equity benchmarks tripped between gains and losses on Thursday morning as investors awaited for the Reserve Bank of India (RBI) to release its policy statement later during the day.
Reserve Bank of India Governor Shaktikanta Das Monday met Finance Minister Arun Jaitely, and is believed to have discussed the current economic situation, ahead of the first bi-monthly monetary policy for 2019-20.
The Reserve Bank of India (RBI) reduced repo rate by 25 basis points to 6.25 per cent on Thursday, in a bid to boost lending and fuel growth before the general elections due in April.
Paring all early losses, benchmark indices Wednesday rebounded after the government said RBI's autonomy was essential but its functioning must be guided by public interest and needs of the economy.