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Nifty to consolidate after non-event RBI policy meet: Analysts
The RBI, on expected lines, cut the repo rate by 25 basis points and left the Cunchanged. The central bank was hawkish in its policy stance, that is likely to put the pressure on rate-sensitive sectors.
Top ten rate sensitive stocks to buy post RBI policy review
RBI's measure of 25 bps cut has been largely on the expected lines. Although there was some expectation of CRR cut as well, that has not happened," said Kunj Bansal, CIO at Sanlam India.
The Reserve Bank of India cut its policy interest rate by 25 basis points for the third time since January, to fuel growth in Asia's third largest economy. Further, the central bank added that there is little room to ease monetary policy further.
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