Indian Shares Rise Ahead of RBI Interest Rate Decision
GIFT Nifty futures indicate a positive start for the Nifty 50 as the central bank prepares to announce its latest policy stance. Markets expect the benchmark interest rate to remain at 5.25 percent while focusing on Governor Sanjay Malhotra's commentary regarding rupee stability and energy-driven inflation.
India equity futures point to a higher open on June 5 as investors await a high-stakes central bank policy decision. The GIFT Nifty traded at 23,533.50 overnight, suggesting the benchmark Nifty 50 will surpass its previous close of 23,416.55. Markets are seeking clarity on how the Reserve Bank of India will defend the rupee and manage inflation amid regional conflict.
### RBI Policy Stance and Rupee Pressure The Reserve Bank of India is expected to maintain its key interest rate at 5.25%, according to a Reuters poll. Investors are focused on Governor Sanjay Malhotra’s commentary during the morning for signals on future rate hikes. The rupee has become the worst-performing currency in Asia so far in 2026, following a persistent slide that has pressured India equity valuations.
