Indian shares extend losses after RBI hawkish rate hike
Nifty 50 fell 0.54% to 22,482.1 and Sensex extended declines as oil prices rose after the RBI’s hawkish rate hike.
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Indian shares open lower after hawkish RBI, higher oil
Nifty 50 fell 0.23% to 22,545.85 and Sensex dropped 0.24% to 72,455.17 after a hawkish RBI rate hike and rising oil prices.
India shares down ahead of expected RBI rate hike
Indian shares declined, led by rate-sensitive sectors, ahead of an expected 25 basis point rate hike by the Reserve Bank of India to combat inflation.
Rupee Breaches 96 as Hawkish Fed, Oil Weigh
The Indian rupee fell to around 96.1 per dollar, extending losses to multi-week lows as elevated crude oil prices, a stronger dollar and expectations of further US monetary tightening weighed on the currency. Brent crude hovered near $108 a barrel, keeping demand for dollars from oil importers elevated, while the US 10