MUMBAI Dec 18 Indian shares rose on Tuesday led by lenders such as State Bank of India, as hopes parliament will pass the banking amendment bill outweighed disappointment after the Reserve Bank of India kept interest rates and the cash reserve ratio unchanged.
State Bank of India provisionally rose 0.94 percent, after falling as much as 2.8 percent earlier in the day, while ICICI Bank ended up 0.4 percent.
The BSE index provisionally gained 0.60 percent, while the 50-share NSE index ended up 0.61 percent. (Reporting by Abhishek Vishnoi; Editing by Rafael Nam)
Trending On Reuters
Ready for Rate Hike
Two years ago India was a "fragile five" economy growing at 5 percent, facing a severe current account deficit and the rupee at record lows as the U.S. Fed Reserve prepared to taper its stimulus programme. Today, two years into the term of RBI Governor Raghuram Rajan, India is set to confidently face the Fed's first rate rise since 2006. Full Article