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Nifty, Sensex end nearly flat, yields lower after RBI cuts key rate

Reuters 

(Reuters) - Indian shares ended little changed on Thursday as they came off early highs, while bond yields lowered after the central bank in a surprise move cut interest rates and, as expected, shifted its stance to "neutral" in a bid to boost a slowing economy.The Reserve Bank of India's monetary policy committee (MPC) cut the repo rate by 25 basis points to 6.25 percent, a move that could aid Prime Minister Narendra Modi's government, which wants to boost lending and lift growth as it faces elections by May. The 10-year benchmark government bond yield fell to 7.50 percent, from Wednesday's ...

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First Published: Thu, February 07 2019. 16:04 IST
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