RBI monetary policy today: This is how Nifty may perform after the central bank announces its decision
Nifty is performing positively ahead of the RBI's monetary policy, with expectations that it may soon surpass its all-time high of 18,887.60. Majority of experts believe RBI may choose to keep repo rate unchanged for second consecutive policy.
Nifty has broadly performed on a bullish note ahead of RBI's monetary policy scheduled on Thursday. The benchmark is currently near the 18,730 level. But in the past five trading sessions, this 50-scrip index has gained by more than 1%. With RBI's policy taking the limelight, Nifty and broadly the market sentiment is looking positive on June 8. Expectations are that Nifty may soon cross its lifetime high of 18,887.60, whether RBI's policy will do the trick will be keenly watched.
Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!Let’s get started