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RBI Governor Sanjay Malhotra on Wednesday announced a 25 basis cut in the policy rate from 6.25 per cent to 6 per cent and change in monetary policy stance from neutral to accommodative to accelerate economic growth.

RBI cuts repo rate by 25 basis points, switches to accommodative stance to spur growth

The Indian stock market has not just been on a bull run off late, but it has been scaling new highs. The Nifty50, which has crossed the 17,000 level, has witnessed a rise of around 20 per cent since the middle of April when the second wave of Covid-19 wreaked havoc in several parts of the country and lockdowns and curfews were re-imposed.

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RBI cuts repo rate by 25 basis points, switches to accommodative stance to spur growth

Nifty surges nearly 20% since Covid's 2nd wave blues in April