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The immediate concern for the sector is the potential transmission of higher policy rates into retail borrowing costs
The Monetary Policy Committee (MPC) unanimously raised the repo rate by 25 basis points to 5.5 per cent and shifted its policy stance from ‘neutral’ to ‘calibrated tightening.’
Bank stocks rise on October 9 as Federal Bank gains 2.93%, with Kotak Bank, SBI and Canara Bank also advancing. Check Goldman Sachs targets and the RBI rate impact.