Indian shares drop as RBI signals tight policy ahead
Indian shares inched lower on Thursday, weighed by auto and consumer stocks, after the Reserve Bank of India (RBI) maintained key policy rates as expected, but hinted at tight monetary conditions to fight inflation.
The RBI's monetary policy committee (MPC) left the repo rate at 6.50% for a second straight meeting but signalled that monetary conditions will remain tight for some time. Image Courtesy: PTI.