Indian shares reversed gains from the previous session's record highs to fall on Thursday, as investors waited for clues on which way interest rates are headed when India's central bank meets to deliberate on monetary policy later in the day. Although the Reserve Bank of India (RBI) has pulled surprises at its last three policy meetings, analysts uniformly expect no change in interest rates, according to a Reuters poll.
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Indian shares reversed gains from the previous session's record highs to fall on Thursday, as investors waited for clues on which way interest rates are headed when India's central bank meets to deliberate on monetary policy later in the day. Although the Reserve Bank of India (RBI) has pulled surprises at its last three policy meetings, analysts uniformly expect no change in interest rates, according to a Reuters poll.
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