Indian shares set to open lower ahead of RBI rate decision
Indian shares are expected to open lower on Wednesday, with GIFT Nifty futures indicating a subdued start. This anticipation comes ahead of an expected rate hike by the Reserve Bank of India (RBI) amid persistent inflationary pressures, influenced by the conflict in the Middle East.
Indian shares are set to start weaker on Wednesday before an expected central bank rate hike, as persistent inflationary pressures linked to the war in the Middle East continue to pressure rate-setters globally. m. IST, indicating a softer opening for the benchmark.