Economy · India
RBI holds repo rate, rupee and stocks see mixed movements
The Reserve Bank of India (RBI) maintained its repo rate at 5.25%, a decision reported by multiple outlets. Following this announcement, the Indian rupee experienced fluctuations, with some reports stating it hit a one-month closing high of 95.1175 against the US dollar, while others noted it opened flat or fell slightly in early trade. Domestic stock markets, including the Sensex and Nifty, edged higher in early trading, influenced by factors such as lower crude oil prices and gains in specific companies like Reliance Industries. The RBI also indicated a stronger rupee outlook, attributing it partly to easing West Asia tensions.
How outlets across the spectrum covered it
Left 2 · Centre 7 · Right 1 n = 10
- Left (2): The Hindu, The Telegraph (India)
- Centre (7): Business Standard, Deccan Chronicle, Deccan Herald, Mint, Telangana Today, The New Indian Express, The Times of India
- Right (1): The Pioneer