BusinessRBI Hikes Repo Rate by 25 bps, Impact on Key Sectors
The RBI increased the repo rate by 25 basis points to 5.50%, its first hike in four years. Following the announcement, benchmark indices Sensex and Nifty recovered, with banking stocks gaining strength. However, the auto and real estate sectors experienced declines amid mixed market reactions. Investors are assessing where to invest amid these changes.
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