Indian shares rise as RBI holds rates, promises to keep supporting economy

Indian stocks rose further on Wednesday after the Reserve Bank of India maintained key interest rates and promised adequate policy support to aid the country's long-term recovery.

Indian shares extended gains on Wednesday as the central bank left its key interest rates unchanged as expected, and promised adequate policy support to help sustain a durable economic recovery amid worries around the Omicron coronavirus variant.

By 0543 GMT, the NSE Nifty 50 index had gained 1.37 per cent to 17,412.2 and the benchmark S&P BSE Sensex had risen 1.41 per cent to 58,447.39