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Indian shares closed firmly lower on Wednesday with broad pressure from most sectors after the Reserve Bank of India raised its benchmark policy rate by 25 bps, as expected. The S&P/BSE Sensex fell 0.6% to 72,639 and the NSE Nifty 50 dropped 0.8% to 22,603. It was the RBI's first rate increase in over three years, warr
The rupee was 95.97 per dollar at 11:30 a.m. IST, little changed from the previous close at 95.98, with state-run banks selling dollars after the spot opened and RBI intervention supporting the currency despite foreign portfolio outflows.