Indian shares hit all-time highs on Wednesday, continuing their rally into a fif...
- Indian shares hit all-time highs on Wednesday, continuing their rally into a fifth session as upbeat global factors added to investor risk appetite ahead of a central bank policy meeting outcome.
More than 85 percent the economists polled forecast the RBI would cut its benchmark lending rate, the repo rate, to 6.00 percent. Some analysts also found reason for the RBI to slash rates by 50 basis points and why such a move could prove beneficial for Prime Minister Narendra Modi’s Bharatiya Janata Party retain power at the centre.
BJP has faced criticism from opposition parties and economists for having allegedly manipulated economic growth figures and suppressing the release of jobs data to show the economy has performed better under his leadership.
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