India, April 9 -- Reserve Bank of India (RBI) kept its key policy rate unchanged on Wednesday, adopting a wait-and-watch stance as policymakers assessed the fallout from the six-week Iran conflict on energy supplies, inflation and growth.

The BSE Sensex, meanwhile, jumped 2,946 points to close at 77,562.90 on Wednesday, its best single-day gain in five years after a conditional ceasefire was announced in West Asia announced a two-week ceasefire. The index hit an intra-day high of 77,635.54. As a result of the massive recovery, investors' wealth swelled by INR 16.25 lakh crore.

Simultaneously, the rupee too gained for the fourth consecutive session on Wednesday and ended at 92.58 per U.S. dollar, up 0.5 per cent from its close of 93.0075...