TIL Desk/Business/Mumbai-Market benchmark BSE Sensex was trading lower by 63 points at 29,911.37 in late afternoon trade after the RBI kept its key policy rate unchanged.
The 30-share index, which had lost about 122 points in the opening trade, was quoting 62.87 points, or 0.21 per cent lower at 29,911.37 soon after the RBI announced its first bi-monthly monetary review of this fiscal. The barometer had gained over 353.74 points in the previous two sessions.
The wider National Stock Exchange index Nifty dropped 21.55 points or 0.23 per cent to 9,243.60. Brokers said RBI’s decision to keep key interest rate unchanged was largely in line with investor expectations. The BSE banking index was trading little changed at 24,711.29 points. However, the BSE Realty index was quoting 2.63 per cent higher at 1,715.19 points.
