The repo rate, at which the central bank lends to banks, was raised to 5.4% from 4.9%. All other rates, including the penal Marginal Standing Facility rate, move up by an identical margin. The six-member Monetary Policy Committee (MPC) voted unanimously to raise the rate.
LIC shares gain 6% in two sessions. Should you buy ahead of the 1:1 bonus issue?
LIC shares climbed 4% on Monday, extending gains for a second straight session and taking the two-day rally to 6%. The stock gained momentum after