Sensex down by 215 pts to close at 54,892; Nifty ends session at 16,341

The 30 stock S&P BSE Sensex on Wednesday ended session at 54,892.49, down by 215 points - against its previous day's close at 55,107.34 points. The broader Nifty 50 of the National Stock Exchange closed session at 16,340 - down by 75 points.Unveiling the third monetary policy for 2022-23, RBI Governor Shaktikanta Das said the Indian economy remained resilient, and the central bank will continue to support growth. RBI on Wednesday maintained its growth projection at 7.2% for financial year 2022-23.RBI on Wednesday raised the interest rate by 50 basis points to a two-year high of 4.9 per cent as it doubled down to tame inflation that has surged in the last couple of months. The rate hike comes on the back of a 40 basis points increase effected by RBI at an unscheduled meeting on May 4. ABOUT THE AUTHOR Follow the latest breaking news and developments from India and around the world with Hindustan Times' newsdesk. From politics and policies to the economy and the environment, from local issues to national events and global affairs, we've got you covered. ...view detail Subscribe to our best newsletters Subscribed to newsletter successfully Thank you for subscribing to our Daily News Capsule newsletter. 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