RBI opens the door for interest rate cut. What it means for stock market investors
- Posted on October 9, 2024
- By Business News Today
- 1 Views
RBI opens the door for interest rate cut. What it means for stock market investors
The Reserve Bank of India changed its policy stance to neutral from withdrawal of accommodation while maintaining the repo rate at 6.5%, hinting at a potential rate cut in the upcoming year. Stock and bond markets responded positively, with significant gains in financial sectors.
