New Delhi - India's benchmark indices fell by about 3 per cent Thursday as investors booked profits after India's federal bank announced further interest rate cuts to boost a slowing economy.
Improved weekly inflation figures helped limit the losses, analysts said, with the two main indices ending about 2.5 to 2.9 per cent below their previous close.
India's weekly inflation rate, linked to a wholesale price index, stood at 3.03 per cent in the week ended February 21, its lowest in 14 months, according to official data.