Business & Finance

Indian Central Bank rate decision

On April 7, Reuters won all key alerts when the Indian central bank governor said the monetary policy committee had kept interest rates steady at record lows, amid concerns that rising COVID-19 infections could derail the country’s nascent economic recovery. However, the central bank committed to a massive government bond purchase program. Win margin on the Reuters alerts ranged between 9 and 13 seconds.

Market Impact

The NSE Nifty 50 index rose 1.1% and the S&P BSE Sensex was up 1.2% after the central bank kept key interest rates unchanged. The benchmark 10-year bond yield rose to 6.19% post-policy.

Article Tags
Topics of Interest: Business & Finance
Type: Reuters News First
Sectors: Equities
Regions: Asia
Countries: India
Win Types: Speed
Media Types: Text
Customer Impact: Important Regional Story
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