Nifty, Sensex edge higher as investors await RBI meet's outcome [Reuters]
Vedanta Limited American Depositary Shares (Each representing four equity shares) (VEDL)
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Source: Reuters
Nifty, Sensex edge higher as investors await RBI meet's outcome | Reuters 3 Min Read (Reuters) - Indian shares pared most of their early gains to trade marginally higher on Monday, as the central bank held a board meet to discuss several issues related to liquidity, lending rules for banks and handing over surplus reserves to the government. This is the first meeting to be held since the extent of a deep rift between the RBI and the government became public. Indian government is pressing the Reserve Bank of India (RBI) for easing of lending and capital rules for banks, providing more money to non-banking financiers, financing support for small businesses and giving the government greater access to surplus reserves the RBI has built. New Delhi and the RBI are getting close to ironing out some of their policy differences, two sources told Reuters last week, as they seek to defuse tensions that had threatened to unnerve investors. The broader NSE Nifty was up 0.26 percent at 10,710.45 as
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