The Bank of Japan maintained its target range for short-term interest rates at 0-0.1% and forecasted inflation to remain at 2% for the following three years.
Read MoreThe Bank of Japan maintained its target range for short-term interest rates at 0-0.1% and forecasted inflation to remain at 2% for the following three years.
A robust dollar eventually broke above the 155 yen mark for the first time since 1990 in the previous session.
the yen continued to hover at a 34-year low in relation to the US dollar, despite increased intervention warnings from Japanese authorities.
As the yen approached the 155.00 mark, traders remained vigilant, considering it a critical threshold for potential Japanese government intervention.
The European Central Bank (ECB) and Bank of England (BoE) are still expected to begin rate cuts by the middle of the year.
BOJ Governor Kazuo Ueda highlighted the potential influence of currency fluctuations on the timing of the next policy change on Thursday.
By the market close, the Sensex plummeted by 609.28 points or 0.82% to 73,730.16, while the Nifty fell by 150.30 points or 0.67% to 22,420.
At the time of writing, the broader market showed resilience, with the BSE MidCap index gaining 0.73% and the BSE SmallCap index rising by 0.89%.
U.S. West Texas Intermediate crude futures increased by 33 cents, or 0.39%, to $83.90 a barrel, while Brent crude futures gained 34 cents, or 0.38%, to $89.35 a barrel.
The Bank of Japan maintained its target range for short-term interest rates at 0-0.1% and forecasted inflation to remain at 2% for the following three years.
By the market close, the Sensex plummeted by 609.28 points or 0.82% to 73,730.16, while the Nifty fell by 150.30 points or 0.67% to 22,420.
At the time of writing, the broader market showed resilience, with the BSE MidCap index gaining 0.73% and the BSE SmallCap index rising by 0.89%.
U.S. West Texas Intermediate crude futures increased by 33 cents, or 0.39%, to $83.90 a barrel, while Brent crude futures gained 34 cents, or 0.38%, to $89.35 a barrel.
The Bank of Japan maintained its target range for short-term interest rates at 0-0.1% and forecasted inflation to remain at 2% for the following three years.
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