Stock market today, Dec. 5 -- India's stock indices started slightly lower on Friday, with investors split over the Reserve Bank of India's policy decision, as strong economic expansion and a declining rupee complicate the argument for a rate reduction. The RBI's announcement is expected at 10:00 IST.
The Nifty 50 dropped 0.13% to 25,999.8, while the Sensex decreased 0.16% to 85,125.48 as of 9:15 IST.
India's economy recorded its fastest growth in 18 months during the September quarter, driven by strong consumer spending, while retail inflation fell to a historic low in October.
Anticipations of a rate cut diminished following the better-than-expected growth figures and the recent depreciation of the rupee.
For the past three weeks, t...
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