MUMBAI: The markets remained unaffeceted to the monetary policy review by Reserve Bank of India. At aroun 2.40 p.m., the Bombay Stock Exchange benchmark Sensex was down by 7.75 points at 15,367. While the wide-based National Stock Exchange index was down by 3 points at 4,569.30. Earlier in the opening trade, markets were showing growth but couldn't contain it through the day.
The RBI on Tuesday kept the key rates unchanged. It kept the bank rate - the lending rate at which banks borrow from RBI-- unchanged at 6 per cent. Short-term lending (repo) and borrowing (reverse repo) have been retained at the same level of 4.75 per cent and 3.25 per cent respectively.
Tata Motors stock today climbed over 7.50 per cent or Rs 28.50 at Rs 402.70 on the NSE on strong first quarter earnings yesterday. The US Dow Jones Industrial Average ended 0.17 per cent higher yesterday.
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