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Indian shares inch up ahead of RBI rate decision

By Reuters Staff 2 Min Read BENGALURU, April 7 (Reuters) - Indian shares inched higher on Wednesday, ahead of a central bank decision that could leave interest rates at record lows, as a second surge in domestic coronavirus cases sparked fears about the impact on economic growth. The Reserve Bank of India (RBI), which has slashed its main repo rate by 115 basis points since March 2020 to cushion the impact of the COVID-19 pandemic, was expected to keep its benchmark lending rate at 4%. Economists had expected the RBI to start normalising policy or unwind the large scale rupee liquidity in the banking system in the June quarter or latest by September quarter. That is now expected to be delayed, according to analysts.

Indian shares inch up ahead of central bank rate decision

Article content BENGALURU Indian shares inched higher on Wednesday, ahead of a central bank decision that could leave interest rates at record lows, as a second surge in domestic coronavirus cases sparked fears about the impact on economic growth. The Reserve Bank of India (RBI), which has slashed its main repo rate by 115 basis points since March 2020 to cushion the impact of the COVID-19 pandemic, was expected to keep its benchmark lending rate at 4%. We apologize, but this video has failed to load. Try refreshing your browser, or Indian shares inch up ahead of central bank rate decision Back to video

Sensex, Nifty rise after RBI holds key rates amid rising Covid cases

Sensex, Nifty rise after RBI holds key rates amid rising Covid cases Sensex, Nifty rise after RBI holds key rates amid rising Covid cases The NSE Nifty 50 index rose 0.8% to 14,809.70 and the S&P BSE Sensex was up 0.7% at 49,559 by 10:19 am. advertisement UPDATED: April 7, 2021 11:19 IST Domestic benchmark indices rose after RBI decided to hold key interest rates in the wake of rising Covid-19 cases. (Photo: Reuters) Indian shares and bond yields rose on Wednesday after the country s central bank kept key interest rates unchanged to support the economy against the backdrop of a second surge in domestic coronavirus cases. The Reserve Bank of India (RBI) kept interest rates steady at record lows on Wednesday, as widely expected, amid concerns rising Covid-19 infections could derail the country s nascent economic recovery.

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