RBI MPC: Sensex, Nifty jump as no surprise on rate front makes market happy
Updated: 30 Sep 2022, 10:52 AM IST
- The RBI raised repo rates by 50 bps to 5.9%. With this, the repo rate has increased 190 bps in the last five months, from 4% In April to 5.90% currently. RBI Governor Shaktikanta Das said RBI will remain focused on the withdrawal of accommodation stance.
Reserve Bank of India left the inflation projection for FY23 unchanged at 6.7% on upside risks to food prices.