By Malvika Gurung
Investing.com -- The Nifty 50 Futures listed on the Singapore-based Exchange SGX, an early indicator for Nifty50 , traded 0.2% or 33.5 points lower at 8:35 am on Friday, indicating a lower opening on Dalal Street on the last day of the second quarter.
RBI’s Monetary Policy Committee will deliver its three-day policy meet decision today. Economists widely expect the central bank to deliver a 50 basis point rate hike, taking the benchmark lending rate to a three-year high of 5.9%.
Major indices on Wall Street made sharp losses on Thursday on rising worries of the US economy approaching recession amid the Fed’s aggressive monetary policy to fight decades-high inflation. Tech heavyweights like Nvidia and Apple (NASDAQ: AAPL ) plunged over 4%.
Stocks across Asian markets fell on Friday, heading for the worst month since the Covid-19 pandemic began, tracking the overnight Wall Street crash, along with jitters in currency and bond markets.
India’s CAD has widened to $23.9 billion in the April-June period from $13.4 billion in the previous quarter.
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