Real estate sector was expecting 25 basis points cut in repo-rate by RBI but as the rates have been left at the previous level, the event won't have much of impact on real estate sector.
Yes Bank has been declining over the last few months. One of the best performers in the market in the recent years, Yes Bank was favorite stock of many fund managers.
RBI announced monetary policy yesterday with 25 basis points repo-rate cut. The markets were expecting small rate cut but the downward revision of GDP by RBI led to decline in stock markets.
RBI Panel reduced repo rate by 25 basis points. The decision will be positive for the economy and if banks pass on the benefits, their loan book can grow.