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Bloomberg
Indian stocks rose, joining peers across Asia, as inflation in December eased to an 18-month low, increasing the odds that the central bank may reduce rates helping revive demand and lower the cost of borrowing for companies.
The S&P BSE Sensex
advanced 1.3 percent to 36,318.33 at the close in Mumbai, snapping three sessions of decline and clocking its sharpest gains in a month. The broader NSE Nifty 50 Index climbed 1.4 percent.
Consumer prices rose 2.19 percent in December from a year earlier, in the third straight month of moderation, the Statistics Ministry said.
This is the final price
print before the central bank’s Monetary Policy Committee meets next month to decide
on rates.