The index rose 0.3% to end at 19,413 – a record close, while the benchmark Nifty gained 0.1% to close at 22,529.05. The volatility index, or India VIX – market’s fear gauge, jumped 6.3% to 21.81, suggesting traders see risks in equities in the near term.
Central bank turns piper to draw in foreign capital; leaves repo rate at 5.25, keeps stance neutral
The Reserve Bank of India has introduced measures to boost foreign currency inflows, including incentives for external commercial borrowings and bearing hedging costs on FCNR(B)