RBI policy decision in focus as markets weigh mixed signals
Complete. Here is the key summaryMarkets are focused on the RBI's June 5 policy decision, with most economists expecting rates to hold steady despite inflation risks. The Nifty shows technical weakness, vulnerable to a drop toward 23,000. Crude supply concerns and potential G7 rate hikes add pressure, complicating the RBI's policy landscape.
RBI decision looms: Most economists expect the central bank to hold rates on June 5, though a minority foresee a hike amid inflation risks. Market technicals weaken: Nifty shows vulnerability to a drop toward 23,000, with resistance near 24,000; broader range between 22,000 and 26,500 remains intact. Oil and rate pressures: Crude supply concerns and upcoming G7 rate hikes could tighten conditions, adding to RBI’s policy challenges.