Bharat Express

MPC

Frontline equity indices closed in the green on Thursday after a volatile trading session, driven by strong buying in IT stocks. Investors showed optimism ahead of RBI monetary policy decision.

The domestic benchmark equity indices ended in the green on Wednesday, driven by buying activity in the PSU bank and realty sectors.

RBI Governor remarked that the future appears promising for agriculture and rural activities. He emphasized that the strengthening of rural demand and improvements in employment conditions are anticipated to stimulate private consumption.

The benchmark lending rate at the Reserve Bank of India has been unanimously decided to remain at 6.5 per cent.

Retail inflation as measured by the Consumer Price Index (CPI) decreased to 5.66%, the lowest in 15 months.