Indian stocks rise ahead of RBI governor address

Financial Post | Mar 27, 2020 at 3:59 AM
  • Indian shares rose in early trade on Friday, a day after the government announced a relief package to help the poor cope with widespread disruptions from a coronavirus-triggered lockdown, as investors hoped for more stimulus measures from the country’s central bank.
  • To ease the economic pain, the government on Thursday announced a $22.6 billion stimulus plan that provides direct cash transfers and food security measures.
  • Indian stocks, which touched multi-year lows this month, have recovered over the last three sessions as global sentiment improved as governments unveiled stimulus plans to help economies cope with the fallout of the pandemic.