Wednesday, 6 June 2018

PSU banks trade firm ahead of RBI policy decision

Nifty PSU Bank index, the largest gainer among sectoral indices, was up 1.5% as compared to less than 1% rise in Nifty Bank, Nifty Private Bank and the benchmark Nifty 50 index. Shares of public sector undertaking (PSU) banks were trading higher by up to 7% on the National Stock Exchange (NSE) ahead of the Reserve Bank of India (RBI) monetary policy decision, due later in the day today.

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