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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HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

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