Indian shares edged higher on Tuesday as the central bank left the door open for more monetary easing after keeping rates on hold as widely expected, while broader sentiment was also supported by strong gains in Asian markets.
The Reserve Bank of India kept its key lending rate
unchanged at 6.75 percent, leaving the door open for more easing but making
that dependent on meeting a challenging inflation target for 2017.
Sentiment was also supported after Asian shares rallied
on private manufacturing data showing activity contracted last month at a
slower pace than in October.
The broader NSE index rose 0.25 percent, while the
benchmark BSE index gained 0.09 percent. (Reporting by Equity research lab)
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