Indian shares trim losses after hawkish RBI rate hike
Indian shares reversed early declines to trade off lows on Wednesday, as financial stocks rebounded after the Reserve Bank of India hiked its benchmark repo rate by 25 basis points as expected, aiming to counter inflationary pressures.
Indian shares pared earlier losses on Wednesday as financial stocks recovered after the Reserve Bank of India lifted its benchmark repo rate by 25 basis points to counter inflationary pressures from the Middle East war.