RBI rate pause boosts consumer durables stocks

business-standard.com

The Nifty Consumer Durables index jumped 4% after the RBI maintained its key interest rate at 5.25%. This decision by the Monetary Policy Committee, led by Governor Sanjay Malhotra, prompted a rally in consumer durables stocks, with Kajaria Ceramics and PG Electroplast seeing significant gains. The RBI's Monetary Policy Committee also maintained a 'Neutral' stance and projected GDP growth at 6.9%, amid global developments including a potential US-Iran ceasefire.


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RBI rate pause boosts consumer durables stocks | News Minimalist