The BSE Sensex index ended 147 points or 0.25% lower at 59,958, while Nifty50 fell 37 points or 0.21% to settle at 17,858.
Will RBI announce steep rate hikes? Nomura sees up to 50 bps increase by Dec, dismisses 125 bps hike fears
Nomura expects the RBI to pursue a limited tightening cycle, with a possible 50 bps rate hike by December, as food and energy pressures rise