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- by economictimes.indiatimes.com
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Bank, NBFC stocks cheer RBI’s 50 bps bonanza, but are rate cuts delivering?
Banking and NBFC stocks rallied as the RBI delivered a 50 bps repo rate cut, lifting Nifty Bank to a record high. The move brings the total rate cut to 100 bps, lowering the repo rate to 5.5%. Experts see this as a shift to a more balanced policy stance, boosting credit demand and liquidity.