Index Hits Record High Post RBI's Decision to Maintain Status Quo

Shital Jibhe / 07 Jun 2017

Index Hits Record High Post RBI's Decision to Maintain Status Quo

The index hit its record high of 23606 post the RBI's decision to keep repo rates unchanged. Reverse repo rate is at 6%, CRR at 4% whereas SLR is slashed by 50 bps to 20% which will be effective from June 24, 2017.

The index hit its record high of 23606 post the RBI's decision to keep repo rates unchanged.

Reverse repo rate is at 6%, CRR at 4% whereas SLR is slashed by 50 bps to 20% which will be effective from June 24, 2017.

Shares of Bank of Baroda was up by 0.89%, Punjab National Bank was up by 1.77%, State Bank of India was up by 1.22% and Federal Bank Ltd was up 2.04 % and were among top gainers.

HDFC Bank Ltd was down 0.15%, YES Bank Ltd was down by 1.63%, IndusInd Bank Ltd was down 0.11% and IDFC Bank Ltd. was down 0.08% and Kotak Mahindra Bank Ltd. was down 0.17% and were among top losers in the index in closing hours of trade.

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