Pune (Maharashtra) [India], February 22 (ANI/NewsVoir): Secure investment options let individuals ensure that their money grows at a pre-determined and stable interest rate. The rate remains far from exposure to any market volatility, as in the case of mutual funds and stock markets.
In the just concluded three-day monetary policy committee meeting, the RBI decided to raise the repo rate, the rate at which the RBI lends money to all commercial banks, by 25 basis points to 6.5 per cent.
Banking and financial stocks were the top losers, with Nifty bank, Nifty financial services, Nifty PSU bank, and Nifty private bank declining the most. They declined in the range of 2.1-3.6 per cent.