At its last policy review, the central bank left policy repo rates on hold at 7.25 percent, tying future cuts to inflation outlook.
A fall presents an opportunity to buy rate-sensitive stocks.
The broader markets ended in line with the benchmark indices- BSE Midcap and Smallcap indices ended higher by 1.3% and 0.9% each.
Experts believe volatility is here to stay for some time, at least till China stabilises and clarity regarding the US Fed's interest rate move emerges.
India Ratings principal economist Sunil Kumar Sinha said the Brexit is a mixed bag for the country.
India's news broadcasters are a national shame that have polarised Indians, observes Vanita Kohli-Khandekar.
RBI will review the monetary policy again on September 29.
The BSE IT sector, however, failed to snap a three-day losing streak and closed around 0.14 per cent lower.
The previous bout of Fed withdrawal fears had threatened to spark a crisis of confidence in India -- sending the rupee to a record low of 68.85 in late August and leading to steep falls in bonds and stocks.
A massive outflows of foreign funds on the back of stricter participatory notes and renewed possibility of Fed lifting US interest rates largely impacted the domestic unit.
Political risk culminating from elections in the US and Latin America, and evolving right-wing populism in Europe could lead to substantial volatility, say Abheek Barua & Tushar Arora.
RBI might not cut rate on June 2 but will surely cut soon.
The US Fed on May 24 hinted at withdrawing its third round of quantitative easing, or bond buying programme, worth $85 billion each month, which began in the wake of the worst credit crisis in September 2008.
The market is clinging to support above the 8,000 mark and hitting resistance above 8,150.
Concerns related to capital outflows in the aftermath of the first US interest rate hike in nearly a decade predominantly weighed on the rupee trade.
Rupee will weaken against the dollar in next 12 months, says Reuters poll.
Who benefits, who loses from the rising rupee, while a boon for travellers and students, exporters may find themselves facing a greater disadvantage.
Raghuram Rajan, whose current three-year tenure ends on September 4, has already said no to a second term.
FIIs pump in $1.4 billion in March, after pulling out $2.9 billion in Jan-Feb.
Revising inflation forecast upwards would be positive
Gold is often considered a 'hedge' against an economic uncertainty.
'My sense is that we should be braced for a correction.' 'It has already begun in the mid-caps for the past month, and will now spread to larger stocks as well.' 'Use the correction to upgrade the quality of your portfolio,' advises Akash Prakash.
Tata Motors was the biggest gainer in the Sensex pack, rallying 2.94 per cent. It was followed by Vedanta, Bajaj Finance, Sun Pharma, ONGC, ICICI Bank, Bajaj Auto, Tata Steel, RIL, HDFC duo, L&T and SBI, rising up to 2.78 per cent.
The Bad Boy Billionaires series has a lot in common: The three billionaires' hefty ambition, dangerous arrogance and untrammeled power, observes Dhruv Munjal.
Given Indian corporates's high indebtedness, new credit will be used for servicing loans rather than building factories. This is setting us up for more companies on life support and more zombie banks, warns Rahul Jacob.
The dollar moved higher, while prices for US government debt fell, as traders ramped up bets the Federal Reserve would raise interest rates in March
Experts advise investors to buy at lower levels in the next few months and sell at the higher end of their range in the second half, reports Rajesh Bhayani.
The Indian currency had appreciated by a whopping 85 paise in three-day surge
Though valuations have moderated, they are still above average.
'It was the Supreme Court's order (recommending changes in the SC/ST Act).' 'Isn't it wrong not to accept even the court's order?' 'Are you bigger than every institution?'
Singh asserted that the people have made up their minds to vote out the government
'The probability of another negative year in 2019 is low.'
US Fed rate rise raises risk of further drying up of FII flows.
Experts said a future rate cut would depend on the inflation.
Foreign fund flows into and out of the domestic sharemarket will continue to be key for the rupee's fortunes.
On gold buying occasions such as Akshaya Tritiya, Chiraj Mehta points out, investors are often confronted with the question: Should I make just a token purchase, or should I buy more towards building my allocation in the yellow metal?
New Reserve Bank of India chief makes his first monetary policy statement on Friday with expectations he may scale back some of the emergency measures that have helped the rupee bounce from a record low.
