Sensex welcomes RBI’s jumbo 50-bp rate cut, surges more than 500 points

June 6, 2025 12:26 PM

Sensex welcomes RBI’s jumbo 50-bp rate cut, surges more than 500 points

The Indian benchmark indices surged on Friday after Reserve Bank of India Governor Sanjay Malhotra announced a jumbo 50-basis-point rate cut, from 6 per cent to 5.5 per cent, and a 100-basis-point reduction in the Cash Reserve Ratio (CRR) from 4 per cent to 3 per cent. The impact was immediate. At about 10:46 a.m., the Sensex was 505.70 points, or 0.62 per cent, higher at 81,947.74, while the Nifty gained 168.40 points, or 0.68 per cent, to reach 24,919.30. The Nifty Bank index advanced 682.95...

RBI may opt for 50 bps jumbo rate cut to counter uncertainty: SBI report

June 2, 2025 3:20 PM

RBI may opt for 50 bps jumbo rate cut to counter uncertainty: SBI report

The Reserve Bank of India (RBI) may implement a 50-basis point rate cut in its June Monetary Policy Committee (MPC) meeting to revive the credit cycle and mitigate economic uncertainty, according to a report by the State Bank of India (SBI) released on Monday.   The cumulative rate cut during the ongoing cycle could total 100 basis points, said Dr. Soumya Kanti Ghosh, Group Chief Economic Adviser at SBI.   "Domestic liquidity and financial stability concerns have eased. Inflation is expect...