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Indian shares likely to open lower ahead of RBI rate decision
Indian shares are set to open lower on Wednesday ahead of an expected central bank rate hike as persistent inflationary pressures from war in the Middle East force rate-setters’ hands globally. GIFT Nifty futures were at 22,704.5, as of 7:42 a.m. IST, pointing to a lower open for the benchmark Nifty 50 , which closed at 22,776.1 on Tuesday. The Reserve Bank of India is widely expected to raise rates by 25 basis points, its first increase since February 2023, with Governor Sanjay Malhotra’s comments on inflation risks to be closely watched by investors for signals on the future rate path. “The ...
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