BENGALURU (Reuters) - Indian shares inched lower on Friday after the country’s central bank kept interest rates unchanged as widely expected and unveiled liquidity support measures, with investors focusing on rising inflationary pressures.
REUTERS/Francis Mascarenhas/File PhotoBy 0608 GMT, the NSE Nifty 50 index and the S&P BSE Sensex were down 0.2% each at 15,660.05 and 52,120.06, respectively.
The Reserve Bank of India (RBI) held the repo rate, its key lending rate, at 4% and kept the reverse repo rate, the borrowing rate, unchanged at 3.35%.
Analysts said there were no major surprises to lift the markets higher even though the central bank assured ample liquidity.
This will cause markets to consolidate here for a while or take a correction.”On Friday, the Nifty bank index and metals index were the top drags, down 0.6% and 0.4%, respectively.
Francis Mascarenhas, ”, Gaurav Garg, Saurabh Jain
REUTERS, NSE, BSE, Reserve Bank of India, Analysts, CapitalVia Global, SMC Global Securities
BENGALURU, Mumbai, India, COVID