The Indian equity benchmarks opened at record highs with Nifty 50 index advancing above its important psychological level of 16,300-mark for the first time ahead of Reserve Bank of India's monetary policy decision due later in the day.
The RBI's Monetary Policy Committee is expected to leave interest rates at record lows for a seventh straight meeting and the markets will focus on what it says about normalising liquidity.As of 9:17 am, the Sensex rose 53 points to 54,545 and Nifty 50 index advanced 23 points to 16,317.