Sensex hits 45,000 for first time as RBI upgrades GDP forecast to -7.5%

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Sensex hits 45,000 for first time as RBI upgrades GDP forecast to -7.5%

short by Krishna Veera Vanamali / 05:44 am on Friday, 4 December, 2020

Equity benchmark Sensex hit 45,000 for the first time during intraday trading on Friday after the Reserve Bank of India upgraded India's GDP forecast for 2020-21. The RBI expects GDP to contract 7.5% this fiscal from its earlier projection of 9.5% contraction. The Sensex was trading up 390 points at 11.10 am.