June 6, 2025 12:36 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 ...