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RBI interest rate decision, West Asia conflict to drive markets: Analysts

Business Standard LogoBusiness Standard11h ago

RBI interest rate decision, West Asia conflict to drive markets: Analysts - Business Standard

Quick Summary:

The Reserve Bank of India's (RBI's) interest rate decision, Middle East conflict and trading activity of foreign investors are the key factors that will dictate investors' sentiment in the market this week, analysts said.

"On the domestic front, the market's focus will be on the RBI Monetary Policy Committee (MPC), which is scheduled to meet from October 7 to 9, 2024, with the outcome to be announced on Wednesday," Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd, said.

Worsening tensions in the Middle East and foreign fund outflows were the major culprits behind the equity markets sharp fall last week.


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Article Details

Category: BusinessFinance

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-06 @ 11:20:36 (11 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 474 words

Reading Time: 3 minutes read

Sentences: 14 lines

Sentence Length: 34 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 22904750

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