can bank nifty scale new high ahead of rbi mpc today here’s what anil singhvi remarks


Ahead of the RBI monetary policy review outcome later today (June 6, 2025) in the backdrop of benign macros, can Bank Nifty scale a new all-time high after hitting a new peak earlier this week. Nonetheless, the high beta index succumbed to profit booking and then after saw mild gains for two straight sessions.

In the previous session on Thursday, the index closed with gains of 0.15 per cent at 55,760.85.

Overall, while the markets are likely discounting a 25 basis point rate cut as the macros largely have turned quiet favourable including inflation which has come below RBI’s targeted level and good expectations around monsoon.

Nonetheless, in a case if RBI’s Sanjay Malhotra if he resorts to a 50 basis points repo rate cut – the Street may likely rejoice the move. Repo rate is the key policy rate at which RBI lends money to commercial banks in India.

 



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Anurag Dhole is a seasoned journalist and content writer with a passion for delivering timely, accurate, and engaging stories. With over 8 years of experience in digital media, she covers a wide range of topics—from breaking news and politics to business insights and cultural trends. Jane's writing style blends clarity with depth, aiming to inform and inspire readers in a fast-paced media landscape. When she’s not chasing stories, she’s likely reading investigative features or exploring local cafés for her next writing spot.

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