Share Market Live: The Reserve Bank of India (RBI) has announced a 0.50% drop in the repo rate, lowering it to 5.50%. This is the third consecutive rate cut this year, bringing the total reduction in the repo rate to 1%. In addition, the RBI changed its monetary policy stance from “accommodative” to “neutral,” implying a more balanced approach to future interest rate decisions.
The latest 50-basis-point drop in the repo rate is expected to have a significant impact on the financial markets. Join the Aaj Ka Bazaar Live debate to learn more about its possible impact from Dhananjay Sinha, Co-Head of Equities & Head of Research - Strategy & Economics at Systematix, and Anshul Jain of Lakshmishree Investments.
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