Sensex dips, after RBI holds key rates

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.

Indian shares fell on Tuesday, pausing a three-day rally after RBI announced its monetary policy, holding rates. (HT Archive)

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.

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.