Nifty below 7550, Sensex in red; RBI keeps key rates unchanged

The Sensex is down 80.75 points or 0.3 percent at 24744.08, and the Nifty is down 35.80 points or 0.5 percent at 7520.15.

About 1011 shares have advanced, 1141 shares declined, and 105 shares are unchanged.

In its sixth bi-monthly monetary policy review, the Reserve Bank of India has kept key rates unchanged. This is the last announcement before the upcoming Annual Budget, which will be presented on February 29. As per CNBC-TV18 poll, the market was expecting in a no-action policy from RBI chief Raghuram Rajan.

The central bank has kept cash reserve ratio (CRR) of scheduled banks unchanged at 4 percent. Consequently, the reverse repo rate under the LAF will remain unchanged at 5.75 percent, and the marginal standing facility (MSF) rate and the bank rate at 7.75 percent.

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Posted in: Indian Market Tips