SENSEX climbed 220 points, RBI Reported no chnage in Repo rate and CRR

RBI made no change in Repo rate and CRR. Repo rate will remain 7.75% while Reverse Repo Rate will remain 6.75% and CRR remain 4% .

Due to no change in Repo Rate there will be no chance of increased EMI. Mariginal standing rate facility and Bank rate are not changed also by RBI.

RBI said retail inflation rate and whole sale inflation rate were high but it may expected to go down if vegetable rates reduced however if Food and Fuel inflation not reduce than there will be chance to change in policy.

After RBI policy report SENSEX climb 220 points. Trading in Bank, Realty, and Capital goods shares raised, which will move market t move higher. Trading in Midcapand Small cap shares also increased.

SENSEX traded at 20844.49 with 1.13% gain and 50 share index Nifty traded at 6213.35 with 1.20% gain.

During trading session Indusind Bank, HDFC, BHEL, PNB, Axis Bank, SBI, Bajaj Auto, and Hero motocorp shares gained 4.1-2.1%.

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