RBI Monetary Policy Prediction Today

RBI Cuts Repo Rate

Gold Silver Reports (GSR) – RBI Monetary Policy Prediction Today: Indian Stock Market would open flat with negative bias. Technically, Nifty also entered into negative zone. BankNifty is still in negative zone. Now, today RBI Policy would be disclosed and it would affect Indian Stock Market direction. Street expect Rate hike this time.

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RBI Monetary Policy Day Guide June 6, 2018 INDIA

Reserve Bank

Gold Silver Reports (GSR) – RBI Monetary Policy Day Guide June 6, 2018 INDIA — Policy action: Even as the market expects status quo, there are three likely scenarios that can emerge from today’s policy. First RBI could maintain a pause in policy rate with change in stance from neutral to hawkish, signalling that more rate hikes are imminent. The second scenario is when the RBI could hike the policy rates, and lastly a rate hike followed by a hawkish stance.

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MCX Silver Short Covering Strong Support level @39440 Hint By Neal Bhai MFA Technical Analyst

MCX Silver Above 39200 Level - Ultimate Target 41800— 42220

Gold Silver Reports (GSR) – MCX Silver Short Covering Strong Support level @39440 Hint By Neal Bhai MFA Technical Analyst – The monthly decline in factory orders is likely to be temporary amid reports of strong manufacturing conditions in May. Investor morale in the euro zone deteriorated for the fifth month in a row in June to its lowest level since October 2016, hit by concerns about an anti-establishment government taking power in Italy and a trade dispute with the US. Key factors to watch today include China Caixin services purchasing managers’ index (PMI) in May, Eurozone retail sales in April and US ISM nonmanufacturing PMI in May.               

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