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Nifty, Sensex slide after RBI surprises by holding rates steady
- By Reuters |
- bigstories
BENGALURU - Indian shares pared early gains to end lower on Thursday after the Reserve Bank of India (RBI) kept its policy rate unchanged, surprising investors who were expecting at least a 25 basis-point cut. The NSE Nifty 50 index <.NSEI> closed down 0.21% to 12,018.40 and the S&P BSE Sensex <.BSESN> ended 0.17% lower at 40779.59. The RBI left its key repo rate unchanged at 5.15%, and said it would continue with an accommodative stance after its policy meeting. Economists polled by Reuters expecte...
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