Equity markets in India ended the day strong anticipating dovish policy action by the RBI governor, extending gains to the fourth consecutive session to more-than-six-month highs. Consumer goods, metals and realty stocks contributed to the rise of the blue-chip Nifty 50 and Sensex, which rose 0.68% to 18,726 and 0.56% to 63,143 respectively. The participation of FIIs as net buyers and anticipation of a positive revision in the RBI’s inflation forecast during ongoing MPC meeting also led to today’s market rally.
Dollar flat near one-week high as investors await Warsh’s Jackson Hole debut
The euro and sterling were subdued near one-week lows against the greenback, last at $1.1652 and $1.3597, respectively, though both remained on track for a