RBI rate cut boosts rate-sensitive stocks, surge up to 10%
Shares of rate-sensitive realty, bank and auto sectors were on buyer's radar Tuesday, surging up to 10 percent, after the Reserve Bank lowered the key interest rate by 0.50 percent -- the biggest cut in over three years.
Sep 29, 2015, 18:41 PM IST
Rate-sensitive stocks surge up to 18% on RBI move
Interest rate-sensitive realty, banking and auto stocks surged up to 18.5 percent Thursday after Reserve Bank Governor Raghuram Rajan sprang a surprise by cutting interest rates by 25 basis points a move that is likely to result in cheaper home and auto loans.
Jan 15, 2015, 19:10 PM IST
