The 6 members of the Monetary Policy Committee (MPC) voted unanimously to hold repo rates at 4%. Once again, MPC member Jayanth Varma, was the sole voice of dissent on the accommodative stance. He expressed reservations about the blanket assurance on stance.
The Overnight MCLR rates have been reduced by 0.10% from 7.60% to 7.50%.
SJVN has also announced the winning of a 15 MW grid-connected floating solar PV power project in Bilaspur, Himachal Pradesh.
Metal stocks were trading in the positive zone, with the S&P BSE Metal index rising 131.6 points or 0.67% at 19838.34 at 09:51 IST.
The card will be a new digital payment tool available to the MSME Customers of Union Bank of India for meeting their Business related operational expenses with interest free credit upto 50 days.

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