Sensex closes above 45,000 level as RBI raises GDP target
India`s benchmark stock index clawed back some losses to close above 45,000 points for the first time ever on Friday, as the country`s central bank upgraded its GDP target for the current fiscal year and kept interest rates steady in the face of stubbornly high inflation
The RBI kept the key lending rate unchanged at 4%. All 53 analysts and economists in a Reuters poll conducted in November had said they did not expect any change in rates. Source: PTI