Sensex slips 71 points as RBI holds repo rate, lowers FY20 growth forecast to 5 pc
Updated:5 years, 10 months ago
New Delhi, Dec 05 (ANI): Equity benchmark indices witnessed volatile session and ended lower on December 05 after RBI surprised by keeping its interest rates unchanged. The RBI at its fifth bi-monthly monetary policy meet of the year kept repo rate unchanged at 5.15 percent and lowered its GDP forecast for 2019-20 to 5 percent due to weak domestic and global demand. Nifty metal slipped by 2.3 percent, PSU bank 1.8 percent, pharma by 0.8 percent and auto by 0.6 percent.
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