Nifty, Sensex Lower Amid RBI Rate Hike, Rupee Hits 5-Month Low
Indian equity markets closed lower as investors adopted a cautious stance following the Reserve Bank of India's (RBI) pivot to calibrated tightening. Concerns over inflation and a weakening rupee, which touched a five-month low, contributed to the decline.
New Delhi, Oct. 7 -- Indian equity markets ended lower on Wednesday as investors became cautious after the Reserve Bank of India moved toward calibrated tightening, with inflation concerns weighing on sentiment. 05, down 1…