MUMBAI (Reuters) - The Nifty extended gains to 2 percent on Friday, heading towards its biggest single-day rise since May 15, as headline inflation eased ahead of the RBI review on Monday, while Asian shares rebounded on upbeat U.S. data.
The headline inflation slowed for a fourth straight month in May to 4.7 percent from a year earlier.
A Reuters poll, however, showed that a majority expect the Reserve Bank of India to hold rates on Monday.
(Reporting by Abhishek Vishnoi; Editing by Prateek Chatterjee)