INR-USD Forecast: The local equities are trading on a negative foot over the last few days, following a weakness over wall street and other Asian markets. The pressure mounts over stocks as FIIs are heavily withdrawing their investment flows.
RBI policy
Read Alert – RBI Policy: Rate Hike Certain, Liquidity, Currency
A rate hike is almost certain. It is likely to be a quarter percentage (increase in repo rate) but the probability of a 50 bps increase is not ruled out,” said Saugata Bhattacharya, Chief Economist at Axis Bank.
RBI Monetary Policy Today: What to Watch out For
Gold Silver Reports (GSR) – RBI Monetary Policy Today: What to Watch out For — After two days of deliberations, the Reserve Bank of India’s six-member monetary policy committee is scheduled to announce its policy decision at 2:30pm on Wednesday. While the committee is likely to keep the policy rates unchanged, it is expected to highlight the risks to its policy trajectory from rising inflation and higher fiscal slippage.