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Sensex Ends Higher Ahead Of RBI Policy Meet

The monetary policy panel is forecast to cut the repo rate by 25 bps on December 7, according to a poll.
The monetary policy panel is forecast to cut the repo rate by 25 bps on December 7, according to a poll.

Indian shares ended higher for a second straight session on Tuesday, a day before the Reserve Bank of India's monetary policy meeting, as expectations of an interest rate cut aided sentiment.

The RBI's recently formed Monetary Policy Committee is forecast to cut the repo rate by 25 basis points to 6.00 per cent when it concludes its two-day meeting on Dec. 7, according to a Reuters poll of nearly 60 economists this week.

The broader NSE Nifty ended 0.18 per cent higher at 8,143.15, while the benchmark BSE Sensex closed 0.17 per cent higher at 26,392.76.

© Thomson Reuters 2016