Ten of the 13 major sectoral indexes advanced, with the heavyweight financials rising 0.3%. Public sector banks jumped 1.5% after the policy announcement, with all the constituents logged gains. (Reporting by Bharath Rajeswaran in Bengaluru; Editing by Varun H K, Savio D'Souza and Nivedita Bhattacharjee)
(Updates shares)
BENGALURU, April 6 (Reuters) - Indian shares reversed
early losses on Thursday, after the Reserve Bank of India kept
key policy rates unchanged "to assess the progress made so far"
in tackling inflation.
The Nifty 50 was up 0.15% at 17,582.95 as of 10:14
a.m. IST, while the S&P BSE Sensex rose 0.18% to
59,795.93. Both the benchmarks had fallen 0.3% ahead of the
RBI's rate decision.
The RBI was widely expected to raise rates by 25 basis
points (bps) to take the repo rate to a seven-year high of
6.75%, and then pause for the rest of the year.
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