Indian benchmark indices decline on Thursday, RBI keeps repo rate unchanged
Maintaining status quo as it did the last time, the RBI on Thursday kept the repo rate unchanged at 6.25 per cent.
However, it raised the reverse rate to 6 per cent from 5.75 percent.
"We have unanimously decided to keep the repo rate unchanged and maintain a nutral policy," RBI Governor Urjit Patel said at a press conference.
He said the Cash Reserve Ratio (CRR) has also been kept unchanged at 4 per cent and Reverse Repo Rate at 5.75 per cent.
Key stocks that gained on Thursday were BHEL, Tata Steel, Ambuja Cement, Zee Entertaiment, Reliance, Bajaj Auto and GAIL while ITC, Hindalco, ICICI Bank, SBI, Coal India, Idea Cellular and Dr Reddy's Labs declined.
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