The Nifty 50 index was up 0.72% at 17,849.85, as of 10:06 a.m. IST, while the S&P BSE Sensex rose 0.68% to 60,695.09.
The central bank raised the key policy repo rate by 25
basis points, in line with economists' expectations, and said it
remained focused on the withdrawal of accomodation.
Domestic retail inflation finally came within the central bank's tolerance band of 2%-6% in the last two months of 2022.
A Reuters poll showed the RBI is likely to raise rates by 25
bps to mark the final increase in its current tightening cycle,
and then pause for the rest of the year.
(Reporting by Rama Venkat in Bengaluru; Editing by Dhanya Ann
Thoppil and Eileen Soreng)
