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The RBI opted for a status quo despite the US Federal Reserve's decision to lower benchmark rates by 50 basis points last month. Additionally, several central banks in developed nations have also reduced their interest rates.

The 30-share BSE Sensex soared 735.95 points, reaching a new all-time high of 83,684.18 in early trade. Similarly, the NSE Nifty climbed 209.55 points, hitting a fresh record of 25,587.10.

Forex traders noted the rupee's resilience against the dollar, influenced by consumer price index data and the US Federal Reserve's policy decision.

Forex traders noted pressure on the Indian currency due to rising crude oil prices, but it received support from positive domestic equity market sentiment and foreign capital inflows

In the interbank foreign exchange market, the rupee opened at 83.07 against the US dollar, stronger than the previous close of 83.19. It fluctuated between 83.08 and 83.04 in early trading.

Market participants are in a wait-and-watch mode ahead of the Bank of England and Bank of Japan policy decision, he said.

Tech Mahindra, Bharti Airtel, Infosys, Asian Paints, Hindustan Unilever, Larsen & Toubro and Titan were the gainers.

US Federal Reserve in its September policy meeting left the key interest rate unchanged at 5.25-5.50 per cent but cautioned it may go for additional tightening of monetary policy

The rupee movement against the US dollar and global oil benchmark Brent crude will also remain in focus this week.

The price of gold has been on a steady rise following the US Federal Reserve's announcement of a 25 basis point rate hike on Wednesday.

At the interbank foreign exchange, the domestic unit opened strong at 82.11 against the dollar and hit the lowest level of 82.17 before trading at 82.16, registering a rise of 1 paisa over its previous close.

The latest data from the US indicated softening of the labour market and a decline in factory orders, a scenario that has also triggered expectations that the US Federal Reserve could go slow on tightening of monetary policy to boost the economy.

US Federal Reserve began sounding the alarm about Silicon Valley Bank's risk management arm starting at least four years ago in 2019

The dollar index, which gauges the greenback's strength against a basket of six currencies fell 0.77 per cent to 103.78.

The strong opening comes after two straight trading sessions of losses for the benchmark indices.

Washington: The US Federal Reserve raised the interest rate by 0.75 percentage points, the highest on-shot increase since 1994, to tackle inflation that is at its highest in 40 years. The rate hike was announced at the end of the two-day policy meeting of the fed. It ran contrary to smaller rate hikes of 0.50 percentage […]

Inflation, meanwhile, is expected to climb to 3.4 per cent by year-end, 1 percentage point up from the March projection.

IndusInd Bank was the top loser in the Sensex pack, shedding 2.91 per cent, followed by Dr Reddy's, NTPC, Maruti, Bajaj Auto, Axis Bank, Bharti Airtel and HDFC.

The index for all items excluding food and energy rose 3.8 per cent over the last 12 months, the largest increase since the period ending June 1992, according to the Labour Department.

At the interbank foreign exchange, the domestic unit opened at 73.29 against the dollar, then inched higher to quote 73.26, a rise of 5 paise over its previous close of 73.31 on Tuesday.