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Economy

Indias stock benchmarks set to open higher ahead of RBI policy decision

India's stock benchmarks are expected to open higher ahead of the Reserve Bank of India's policy decision, with investors divided on the likelihood of a rate cut. Strong economic growth and a depreciating rupee are influencing market sentiment, while experts anticipate a potential 25-basis-point cut following robust GDP data.

Indias stock benchmarks set to open higher ahead of RBI policy decision

Credit: Livemint

Key Highlights

  • Nifty futures trading at 26,184.5 points ahead of the market opening.
  • RBI's monetary policy decision is scheduled for 10:00 a. m. IST on December 5.
  • India's GDP grew at its fastest pace in 18 months during the September quarter.
  • Retail inflation hit a record low in October, impacting rate cut expectations.
  • The Indian rupee has depreciated past 90 per USD, reaching an all-time low.
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Sources

  1. Indias stock benchmarks set to open higher ahead of RBI policy decision
  2. Stock market today: Nifty 50 trade setup, RBI repo rate decision, IPO buzz to weak rupee - eight stocks to buy

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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