The RBI's six-member Monetary Policy Committee, led by Governor Sanjay Malhotra, has decided to keep the repo rate unchanged at 5.25%, just as markets expected.
India-US Trade Deal: US President Donald Trump announced a deal with India last week to cut US tariffs on Indian goods to 18% from 50% in exchange for India halting purchases of Russian oil and lowering trade barriers.
The 30-member index — comprised of household names like Goldman Sachs Group Inc., Coca-Cola Co. and JPMorgan Chase & Co. — rose 2.5% to 50,115.67 on Friday.
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