Markets Fall 1 Percent Following RBI Monetary Policy Announcement; Bank Stocks Drag
In Asian markets, Seoul, Tokyo, and Shanghai closed higher, while Hong Kong closed lower
RBI Monetary Policy: SBI Research Expects Another Pause In Interest Rates
Barring the April pause, the RBI raised the repo rate by 250 basis points cumulatively to 6.5 per cent since May 2022 in the fight against inflation.
