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Stock impact report

Nifty, Sensex rise, bond yields steady ahead of RBI policy decision [Reuters]

Taro Pharmaceutical Industries Ltd. Ordinary Shares (TARO) 
Last taro pharmaceutical industries ltd. ordinary shares earnings: 2/3 05:21 pm Check Earnings Report
Company Research Source: Reuters
Nifty, Sensex rise, bond yields steady ahead of RBI policy decision | Reuters 3 Min Read (Reuters) - Indian shares rose while 10-year bond yields edged up a basis point on Thursday, as investors awaited the central bank monetary policy decision. The Reserve Bank of India, in its first meeting under the leadership of Shaktikanta Das, is expected to shift its policy stance to “neutral” from “calibrated tightening” and move towards a rate cut in April. A softer stance could aid Prime Minister Narendra Modi’s government, which wants to boost lending and lift growth as it faces national elections by May. Over two-thirds of 65 economists polled by Reuters predicted the RBI to hold its repo rate at 6.50 percent. The 10-year benchmark government bond yield rose to 7.57 percent in early trade, from Wednesday’s close of 7.56 percent while the rupee weakened marginally to 71.60 to the dollar compared with its previous close of 71.56. “With the tax incentives, farming boosts, there is a possibili Show less Read more
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