Indian shares hold gains after RBI keeps rates unchanged
The RBI's monetary policy committee "The full effect of the policy rate hikes will be visible in the coming months," said RBI governor Shaktikanta Das, adding that domestic demand situations remained conducive for growth.
"The policy was on the expected lines of the market while remaining growth supportive," said Saurabh Jain, assistant vice-president, research, at SMC Global Securities.The Indian rupee remained mostly unchanged after the policy decision, while the benchmark 10-year bond yield rose to 7.01%.Our Standards:
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