Home / Markets / News / Rate sensitive shares erase early gain as RBI keeps repo rate unchanged

Rate sensitive shares erase early gain as RBI keeps repo rate unchanged

At 12:25 pm, Nifty Bank, Nifty Private Bank, Nifty PSU Bank and Nifty Auto indices were down in the range of 1 per cent to 2 per cent on the National Stock Exchange.

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RBI governor is prodding banks to reduce lending rates

3 min read Last Updated : Dec 05 2019 | 12:57 PM IST

Shares of rate sensitive sectors, mainly banking and automobiles, erased their early morning gains and were trading by up to 2 per cent, after the Reserve Bank of India (RBI) maintained status quo on repo rate at 5.15 per cent.

Springing a surprise, the monetary policy committee of the RBI maintained the repo rate at 5.15 per cent points (bps) in its fifth bi-monthly monetary policy meeting of the financial year 2019-20 (FY20) on Thursday. CLICK HERE TO READ FULL REPORT

At 12:25 pm, Nifty Bank, Nifty Private Bank, Nifty PSU Bank and Nifty Auto indices were down in the

Topics : Rate sensitive stocks RBI monetary policy Buzzing stocks Rate sensitive shares Nifty Auto Nifty Bank

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