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Sunday, May 22, 2022

RBI Governor: A major fall in the stock market including the bond market before the RBI governor’s statement due to the fear of increasing interest rates.

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RBI Governor Live: Before the statement of RBI Governor Shaktikanta Das to be given at 2 pm, there is a tremendous sell-off in the bond market. The 10-year benchmark government bond Yield has risen 9 basis points to 7.22 per cent. Actually traders are afraid of getting expensive interest rates. Due to which not only the stock market but also the bond market is witnessing a decline and sell-off.

This speculation is being made in the market, recently there has been a meeting of RBI’s Monetary Policy Committee. However, this could not be confirmed. In this context, it is believed that at two o’clock in the afternoon, the RBI governor can announce to make the interest rates expensive. Repo rate can be increased by 4 percent. Ever since the retail inflation figure has come to 6.95 percent in March 2022, the concern of RBI has increased. RBI will try to control inflation through monetary policy measures.

Before the RBI Governor’s statement, a sell-off is also being seen in the stock market. The Sensex is down by 532 at 56,438 and the Nifty is down 157 points at 16,910 points. Nifty has again fallen below 17,000 points, then Sensex is below 57,000 points.

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