Equity benchmarks Sensex and Nifty fell in early trade on Friday ahead of the RBI’s monetary policy announcement. Weak global cues and foreign fund outflows weighed on investor sentiment. Focus remains on interest rate direction and FY26 growth outlook.
At the interbank foreign exchange market, the rupee opened at 83.46 and then slipped to 83.47 against the dollar, gaining 6 paise from its previous close
The six-member Monetary Policy Committee (MPC) of the RBI voted 5-1 to up the policy repo rate by 50 basis points (bps) to rein in the above target inflation
"Going ahead, market is expected to remain positive but with sector/stock specific action. Investors would now track earnings season and watch out for management commentaries."
