RBI rate hike impacts bank lending; TCS, Ola, Adani in focus
pre-market1 source ↓machine-written, see hownot a recommendation
- repo rate
- 25 basis points
- 5.50%
- on October 7
- 0.76%
- rights issue
- ₹999.74 cr
The RBI raised the repo rate by 25 basis points to 5.50%, affecting bank lending benchmarks. Despite the Nifty 50 falling 0.76% on October 7, several banks like Punjab National Bank and ICICI Bank saw gains. Key stocks to watch include TCS reporting Q2 results and Ola Electric announcing a ₹999.74 cr rights issue.
Not investment advice. For informational purposes only.