Indian Shares Fall Ahead of RBI Policy Decision

Indian stock prices went down before the central bank announced its policy decision.

Shares in banks and property companies also fell.

The Sensex and Nifty, which track groups of Indian stocks, both declined.

The Reserve Bank of India’s policy committee was set to meet and announce its decision on October 7.

It had kept its main interest rate at 5.25% for its last four meetings.

A market strategist said investors would pay close attention to what the central bank says about the economy, prices and the rupee.

He said a rate increase was expected by markets, but the central bank’s message could also affect how investors respond.