Can Bank Nifty lead the highs in today’s RBI MPC? This is what Anil Singhvi said
The Nifty Sage Bank Nifty Scale can be a new all-time high in the context of benign macros ahead of the results of the RBI monetary policy review later today (June 6, 2025). Still, the high beta index succumbed to profitable bookings and then saw moderate gains in two consecutive meetings.
In its last meeting Thursday, the index closed at 0.15% revenue, at 55,760.85.
Overall, although the market may drop by 25 basis points, as macros have basically become quiet, including inflation, which is already below the target level of RBI and good expectations around the monsoon.
Nevertheless, if RBI’s Sanjay Malhotra turned to 50 basis points, the street might be happy with the move in this case. The repurchase rate is the key policy interest rate for the Reserve Bank of India to lend to commercial banks in India.
