scorecardresearchFinancials turn green after RBI raises repo rate, retains GDP growth forecasts

Financials turn green after RBI raises repo rate, retains GDP growth forecasts

Updated: 08 Jun 2022, 10:32 AM IST
TL;DR.
Among sectors, rate-sensitive sectors recovered from day's low post the policy announcement. Nifty Bank and Nifty Fin Services were flat but in the green after falling around half a percent each.
The RBI's Monetary Policy Committee voted unanimously to continue with its 'accommodative' stance in its first policy statement since a surprise 40-basis-point hike on May 4.

The RBI's Monetary Policy Committee voted unanimously to continue with its 'accommodative' stance in its first policy statement since a surprise 40-basis-point hike on May 4.