Indian markets rally after RBI maintains rates, changes stance to neutral

Quick Summary:

The RBI maintained status quo despite the US Federal Reserve lowering the benchmark rates by 50 basis points last month.

The central banks of some developed nations have also reduced their interest rates.

The 30-share BSE Sensex soared 556.97 points, or 0.68%, to 82,191.78 in early trade.

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Article Details

Author / Journalist: Press Trust of India

Category: StartupsEconomyBusiness

Markets: IndiaHong Kong

Topics: India Sensex Rates Points Bank Policy Interest Benchmark Markets Monetary Rate

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-09 @ 06:55:21 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 426 words

Reading Time: 3 minutes read

Sentences: 29 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 22965668

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About YourStory

Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

Update Frequency: 10 posts per day

Year Established: 2008

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

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