Indices trade higher as RBI keeps repo rate unchanged

While the Sensex was up 0.21% post the announcement, Nifty50 was up 0.22%

Credit: PTI Photo

Bulls regained control over the stock markets just after RBI Governor Shaktikanta Das announced that the central bank won't be changing the repo rate and reverse repo rate, maintaining its accommodative stance.

Also Read — RBI keeps repo rate unchanged at 4% for 10th straight time

While the Sensex was up 0.21 per cent post the announcement, Nifty50 was up 0.22 per cent. At 10:30 am, Sensex was trading at 58,795.06, up 329.09 points or 0.56% per cent. Meanwhile, Nifty was trading at 17,556.50, 92.70 points (0.53 per cent).

Just minutes prior to the announcement, markets were in the red after a good opening.

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