Nifty, Sensex Trade Flat After RBI Policy Outcome

The Reserve Bank of India (RBI) today cut its repo rate, or the rate at which it lends to banks, by 25 basis points to 6%. This is the second consecutive rate cut from RBI under new chief Shaktikanta Das, after a surprise rate cut in February.
The monetary policy committee of the RBI also decided to maintain the neutral monetary policy stance while voting 4-2 in favour of the rate cut. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961