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Bloomberg Quint
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RBI MPC Meet: Nifty Bank Rebounds Before Slumping
- Nifty Bank falls from 0.33% to 0.94% lower after an initial rebound following RBI MPC meet.
- RBI Governor announces a 25 basis point rate cut during the meeting.
- Monetary Policy Committee changes stance from 'neutral' to 'accommodative'.
- Banking stocks resumed their downward trend, trading 0.94% lower after the recovery.
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