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Indian shares fall; RBI cautious on further easing
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Rahul Gandhi
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MUMBAI |
MUMBAI Jan 29 (Reuters) - Indian shares fell on Tuesday, led by a drop in rate-sensitive stocks such as HDFC Bank, after India's central bank lowered its key policy rate, but struck a cautious note on further easing as it waits to see how the government controls its fiscal deficit.
HDFC Bank provisionally fell 2.65 percent, while State Bank of India ended 1.19 percent lower.
The BSE index provisionally fell 0.57 percent, while the 50-share NSE index ended down 0.41 percent. (Reporting by Abhishek Vishnoi; Editing by Anand Basu)
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