Here’s a lowdown on top macro triggers that may move market on Wednesday. This report was compiled from agency feeds.
Credit Policy Today
The Reserve Bank of India (RBI) is expected to have a hawkish tone when it unveils its last credit policy of the financial year as inflation and fear in the expansion in the fiscal deficit preoccupy its mind. The other major concern is the faster than earlier anticipated rise in the US treasury yields which is expected to slow down the foreign capital flows into India which may be accentuated by a hike in rates by the US Federal Reserve. The Monetary Policy Committee (MPC), headed by RBI Governor Urjit Patel, started its 2-day meeting yesterday.
Misuse Fears Not Enough…
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