Synopsis of India Index Dashboard for January 2015:
- After a superb 2014, the New Year began with further strong performances from Indian equities. The S&P SENSEX index of blue-chip equities rose by 6% to finish the month at 29,183.
- The Indian Rupee strengthened against the U.S. Dollar in January, as the Reserve Bank of India (RBI) cut repo rate by 25 basis points to 7.75% from 8%, ahead of its February 3, 2015 policy review meeting. The RBI affirmed that inflation has fallen significantly below its target of 8%.
For more information, refer to
India Index Dashboard January, 2015