RBI Policy, Feb. 6 -- The Indian stock market benchmark indices, Sensex and Nifty 50, continued trading in the red on Friday after the Reserve Bank of India (RBI) decided to keep the repo rate unchanged at 5.25%, while maintaining a neutral policy stance. RBI governor Sanjay Malhotra announced the status quo on the policy interest rate, highlighting that the Indian economy remains on a strong footing.
Following the policy announcement, benchmarks fell to their days low but later pared losses to trade around 0.3% lower.
The Sensex fell as much as 368 points, or 0.44%, to its day's low of 82,945.56, while the Nifty 50 shed 136 points, or 0.53%, to its intra-day low of 25,504.6. The Bank Nifty index traded 0.55% higher.
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