RBI Policy Impact: Sensex, Nifty 50 decline as RBI maintains repo rate at 5.5%; rate-sensitive sectors mixed

The RBI Monetary Policy Committee, led by Governor Sanjay Malhotra, maintained repo rates at 5.5%. Following this, the BSE Sensex dropped 165 points. Retail inflation is expected to rise, while GDP growth is retained at 6.5% for the current financial year.