Mumbai Local stock markets jumped after the Reserve Bank’s monetary policy announcement on Friday and the BSE 30-share Sensex climbed 547 points.
The Reserve Bank has increased the key policy rate repo by 0.50 percent to 5.9 percent in the bi-monthly monetary review on Friday. The 30-share Sensex of BSE, recovering from the initial fall, gained 547.46 points to reach 56,957.42 points.
Similarly, the Nifty of the National Stock Exchange also gained 151.85 points to reach 16,969.95 points. The Reserve Bank has increased the repo rate overall by 1.90 percent since May. (Language)
