Indian equity benchmarks rose on Friday to record their best quarter in a year, boosted by banks and metal stocks, after the country’s central bank hiked its key policy rate for the fourth straight time as expected to bring down persistently high inflation.

Dear Trader… Snapping a 7-day losing streak, Indian equity benchmarks ended with strong gains on Friday, as investors cheered the RBI MPC announcement of the repo rate hike. Key gauges opened with minor cuts as traders were concerned as the RBI said India’s current account deficit (CAD) in April-June was