Sensex trades flat, Nifty below 9,650 ahead of RBI policy outcome

RCom fell 3% after reports that Rating agencies Moody's and Fitch on Tuesday cut its rating again

Benchmark indices erased morning gains to turn flat as investors stay cautious ahead of the EBI policy Decision due later today. According to analysts, the central bank may opt for a less hawkish tone and will leave interest rates unchanged as inflation is running well below forecasts, and the economy has slowed more than expected. Better than expected monsoon forecast by IMD added to the gains.
 
Focus was also on Britain's general election as it maps its exit from the European Union. British Prime Minister Theresa May looks on course to increase her parliamentary majority in Thursday's poll. While the