April 9, 2025 4:22 PM
Sensex slips 380 points amid US Tariff concerns; RBI cuts repo rate to 6%
The Indian stock market ended in negative territory on Wednesday, weighed down by weak global cues and concerns over fresh US trade tariffs, despite a repo rate cut by the Reserve Bank of India (RBI). The central bank’s Monetary Policy Committee (MPC) reduced the repo rate by 25 basis points to 6 per cent from 6.25 per cent, aiming to support economic growth amid global uncertainties. Alongside the rate cut, the RBI also shifted its policy stance from ‘accommodative’ to ‘neutral.’ Ho...