Indian Shares Fall After Central Bank Rate Hike
Indian shares declined after the central bank raised interest rates and shifted to a tighter policy stance amid inflation risks. The repo rate increased by 25 basis points to 5.5 percent, causing most major sectors to drop.
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India's Nifty 50 fell 0.76% to 22,603.05 on Wednesday morning after the central bank raised the repo rate by 25 basis points to 5.5%. The hike marks the first rate increase since February 2023, shifting policy to calibrated tightening. The move comes as policymakers counter inflation risks from high oil prices and tighter global monetary policy.
