Indian Markets Await RBI Policy and GDP Data
The Indian rupee and government bonds are set to trade with a focus on the upcoming Reserve Bank of India monetary policy decision and quarterly economic growth data. Markets expect the central bank to maintain the repo rate at 5.25 percent as geopolitical tensions in the Middle East keep energy prices high.
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India will likely maintain its 5.25% repo rate on Friday as the central bank manages currency volatility and energy risks. Nearly 80% of economists surveyed by Reuters expect the Monetary Policy Committee to pause for the fiscal year. A rate hold may pressure the rupee and short-term bonds while the Middle East conflict keeps energy prices high.
