BENGALURU, Oct 9 (Reuters) - Indian shares rose on Friday ahead of a monetary policy decision by the country’s central bank in which interest rates are widely expected to remain unchanged, with investors awaiting a reading on the state of the economy.
All 66 respondents in a Reuters poll conducted ahead of the meeting said they expect the repo rate to be unchanged at 4.0% as the central bank looks to curb high inflation even as it tries to lift the economy from its worst contraction ever.
The Reserve Bank of India may for the first time since February also provide guidance on how the economy is performing amid the coronavirus pandemic.
The NSE Nifty 50 index rose 0.23% to 11,861.60 as of 0345 GMT, while the S&P BSE Sensex was up 0.13% at 40,228.93. Up to Thursday’s close, both indexes had risen for six straight sessions. (Reporting by Chris Thomas and Philip George in Bengaluru)
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