India stocks up 0.4%, rupee down 0.1% ahead of RBI policy

India's benchmark BSE Sensex rose 0.4% to 72,683 and the NSE Nifty 50 gained 0.4% to 22,652, driven by banks on positive quarterly updates and supportive global cues. The Indian rupee fell 0.1% against the US dollar to 96.3975, while the benchmark 10-year bond yield was slightly up at 7.22%.