MUMBAI (Reuters) - The Nifty gained 1.8 percent and the 10-year bond yield fell to 7.65 percent on Thursday after the Reserve Bank of India cut interest rates by 25 basis points in a surprise inter-meeting cut.
The Indian rupee gained to 61.83 per dollar versus its previous close of 62.18/19.
The central bank cut interest rates to 7.75 percent, yielding to growing signs of slowing inflation and a flagging recovery.
(Reporting by Abhishek Vishnoi; Editing by Anupama Dwivedi)