RBI Policy impact: Nifty PSU Bank index, SBI can rally up to 12%; BoB 17%

The RBI left key rates - repo and reverse repo unmoved at 4 per cent and 3.35 per cent, respectively.

The Reserve Bank of India’s monetary policy committee (MPC) left key interest rates unchanged for the tenth straight time on Thursday, retaining an accommodative stance amid the threat surrounding Omicron coronavirus variant.

The repo and reverse repo rates remained unmoved at 4 per cent and 3.35 per cent, respectively, said RBI governor Shaktikanta Das in his policy statement. READ MORE

As a result of which, the markets which were wobbly in morning trade, firmed up led by gains in rate sensitive shares such as financials, including banks, NBFCs, auto and real-estate shares. READ MORE
 

Meanwhile, here's