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Indian markets set for upbeat start as RBI decision looms
Business
Indian stock markets are expected to kick off Friday on a high note, with Gift Nifty futures pointing above Thursday's close.
All eyes are on the Reserve Bank of India, which will announce its latest policy decision at 10am—a move that could shape the market mood for the day.
What's driving the buzz?
India's economy just clocked its fastest growth in 18 months, thanks to strong spending.
While this has investors debating if an interest rate cut is likely—especially with inflation hitting a record low—some experts think the RBI might play it safe because of recent rupee weakness and a growing trade gap.
Whatever happens, today's announcement is set to be a big deal for anyone watching India's financial scene.