Sensex up 460pts, Nifty tops 17600 on dovish RBI policy; bond yields dip 1%

CLOSING BELL

Markets cheered the Reserve Bank of India's (RBI's) first monetary policy for the calendar year 2022 where it kept key policy rates unchanged and continued with its accommodative stance to support growth. This was the tenth straight policy when the repo rate was left unchanged at 4 per cent and the reverse repo rate at 3.35 per cent. READ ABOUT IT HERE

While the RBI decided to roll back some of the operational measures pertaining to the liquidity framework – announced when the coronavirus (Covid-19) pandemic struck two years ago - the tone of the