Rate-sensitive stocks rise ahead of RBI policy decision
Shares of interest rate-sensitive stocks like auto, banking and realty rallied in morning trade on the bourses ahead of the Reserve Bank of India’s monetary policy decision today. The Monetary Policy Committee (MPC), headed by RBI Governor Urjit Patel, will announce the resolution of the MPC on its first bi-monthly monetary policy for financial year 2018-19 later in the day. Among banking stocks, Kotak Mahindra Bank rose as much as 1.91 per cent, while Yes Bank jumped 2.40 per cent, State Bank of India 2.06 per cent, Federal Bank 2.07…
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