Economy
Indian Indices Open Lower Following RBI Repo Rate Hike
Hindustan Times1h
THE BRIEF
1
Indian stock markets opened lower on Thursday as investors remained cautious after the Reserve Bank of India raised its benchmark repo rate.
2
The NSE Nifty opened down 61.05 points at 22,542.00, while the BSE Sensex opened 176.54 points lower at 72,462.16.
3
The decline followed the RBI's unanimous decision to raise the repo rate by 25 basis points to 5.50 per cent and shift its policy stance to calibrated tightening.