HDFC Bank shares hit 52-week high as RBI cuts repo rate by 50 bps
HDFC Bank's share price rose as much as 2.40% to a 52-week-high of ₹1,996.3 on BSE on Friday after RBI cut repo rate by 50 bps to 5.5%. The stock has emerged as among the top contributors to the benchmark NSE Nifty 50, Nifty Bank, and Nifty Financial Services indices. Meanwhile, the current Cash Reserve Ratio (CRR) stands at 3%.