Sensex dips, after RBI holds key rates
, Mumbai/new Delhi
Reuters Aug 09, 2016 12:08 PM IST
Indian shares fell on Tuesday, pausing a three-day rally, as investors booked profits after the central bank kept its policy interest rate unchanged, as was widely expected.
Indian shares fell on Tuesday, pausing a three-day rally, as investors booked profits after the central bank kept its policy interest rate unchanged, as was widely expected.
The rupee was little changed at 66.8750/8800 to the dollar, as against 66.8850/8975 before policy, after central bank assured markets of forex intervention to ensure the special concessional swap facility would mature without disrupting the market.
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As of 0542 GMT, the broader NSE Nifty and the benchmark BSE Sensex were down 0.26 percent and 0.24 percent.
The benchmark 10-year bond yield was down 2 basis points at 7.15 percent after the RBI said it would conduct bond buys under the open market operations on August 11.
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