💨 Abstract

The benchmark equity indices Sensex and Nifty50 closed in the negative on October 9, 2024, following the Reserve Bank of India's decision to maintain the repo rate at 6.5% for the tenth consecutive meeting. The RBI shifted its stance from 'withdrawal of accommodation' to a neutral position, indicating a more cautious approach to future monetary policy decisions.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖