Rate-sensitive stocks trade firm after RBI keeps repo rate unchanged

At 10:40 am, Nifty Bank, Nifty Auto and Nifty Financial Services indices were up between 1 per cent and 1.5 per cent, as compared to 0.8 per cent rise in the benchmark Nifty50 index

Shares of interest rate sensitive sectors, mainly financials and automobiles, were trading firm on the National Stock Exchange (NSE) on Friday after the Monetary Policy Committee (MPC) of the Reserve Bank of India decided to keep repo rate unchanged at 4 per cent while maintaining the  'accommodative' stance.

The reverse repo rate stays at 3.35 per cent. The RBI last changed policy rate on May 22.  It maintained the status quo on the benchmark lending rates in view of persistently high inflation and a lower-than-expected contraction of the economy.

At 10:40 am, Nifty Bank, Nifty Auto, and Nifty