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Indian shares opened lower on Wednesday, ahead of an expected central bank rate hike. Persistent inflationary pressures are forcing rate-setters' hands globally. The Nifty 50 fell 0.74% to 22,614.25, and the BSE Sensex shed 0.60% to 72,627.95.
Indian shares are expected to open lower on Wednesday as persistent inflationary pressures from the Middle East war prompt a widely anticipated 25 basis point rate hike by the Reserve Bank of India. Governor Sanjay Malhotra's comments on inflation risks will be closely watched for future rate path signals.
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.