Indian Shares Reverse Early Gains Amid RBI Moves
Indian benchmark indexes gave up early gains to turn muted as investors assessed central bank measures supporting the rupee and awaited inflation data. Lower oil prices offered some relief while foreign outflows and corporate earnings remained in focus.
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India benchmark shares fell 0.13% to 22,493.25 on Monday, giving up early gains as investors weighed central bank support measures. The pullback follows the Reserve Bank of India's rate increase and shift to calibrated tightening last week. Investors now await crucial domestic inflation data for direction on further rate hikes.
