On December 6, Indian equity indices closed marginally lower in a volatile trading session as the Reserve Bank of India (RBI) maintained its benchmark repo rate at 6.5%, while announcing a 50-basis-point reduction in the Cash Reserve Ratio (CRR) in two phases to boost liquidity.
The Sensex ended the day down 56.74 points or 0.07% at 81,709.12, and the Nifty fell 30.60 points or 0.12% to settle at 24,677.80. Both indices had gained over 2% earlier this week.
Foreign Institutional Investors (FIIs) sold ₹1,830 crore worth of shares, while Domestic Institutional Investors (DIIs) bought ₹1,659 crore, resulting in a net sell of ₹171 crore.
Key RBI policy updates:
- Repo Rate: Unchanged at 6.5% (11th consecutive time).
- CRR: Reduced by 50 bps to 4% in two tranches of 25 bps each.
- CPI Inflation Forecast: Revised to 4.8% (up from 4.5%).
- GDP Growth Forecast: Cut to 6.6% from 7.2%.
The session remained choppy as markets digested RBI’s policy decisions amid concerns over revised growth and inflation projections. Despite the day’s losses, broader indices remained positive for the week.
