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Sensex jumps 600 points as RBI raises FY25 GDP growth forecast

The Reserve Bank of India (RBI) kept its key interest rate unchanged in a widely expected move.

Updated on: Jun 7, 2024, 11:05:11 IST

By HT News Desk

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Indian shares held steady after the Reserve Bank of India kept interest rates unchanged as widely-expected and retained its tighter monetary stance. The NSE Nifty 50 index was up 0.67% at 22,968.9 points and the S&P BSE Sensex added 0.64% to 75,624 points after the rate cut decision. The Reserve Bank of India (RBI) kept its key interest rate unchanged in a widely expected move as robust economic growth continues to provide space to focus on bringing down inflation towards its medium-term target of 4%.

Stock market today: A bird flies past a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai. (Reuters)

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Track live Stock Market Today updates and check your NSE IPO Allotment Status Today. Stay informed with the latest business news like N Chandrasekaran, petrol and diesel prices, gold and silver rates, income tax updates, and major economic developments across India and globally.

Track live Stock Market Today updates and check your NSE IPO Allotment Status Today. Stay informed with the latest business news like N Chandrasekaran, petrol and diesel prices, gold and silver rates, income tax updates, and major economic developments across India and globally.

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