Now Reading: Sensex rises 152 points as RBI holds repo rate at 5.25%
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Sensex rises 152 points as RBI holds repo rate at 5.25%
The Sensex gained 152.05 points, or 0.19%, to close at 78,581 on Wednesday after the Reserve Bank of India kept its repo rate at 5.25% for a fourth straight meeting. The Nifty…
The Story in Brief
The Sensex gained 152.05 points, or 0.19%, to close at 78,581 on Wednesday after the Reserve Bank of India kept its repo rate at 5.25% for a fourth straight meeting. The Nifty added 9.75 points to finish at 24,624.65. Both indices swung sharply during the session, with the Sensex moving between 79,055.38 and 78,285.74.
The RBI’s Monetary Policy Committee retained its neutral stance and unanimously left rates unchanged, citing the need for greater clarity on energy costs and inflation. It raised its current financial year growth forecast to 6.7% from 6.6% and said domestic demand, manufacturing, services and exports remained resilient. Brent crude rose 1.75% to $80.75 a barrel. Stock volatility has also followed the launch of a new closing auction mechanism for eligible shares.
The Indian Opinion
Claims that a flat market proves investor confidence or panic both overstate one session. The Sensex recovered after falling 769.64 points intraday, while the Nifty barely moved. The RBI’s rate pause gives borrowers no fresh relief, but its higher growth forecast signals confidence in demand. The harder test is whether energy prices feed into inflation and force a policy change at the next meetings.
Source: thehindu.com
This story was synthesised by AI from the source linked above.
