Indian market opened higher on Thursday tracking positive global cues. The S&P BSE Sensex rose 100 points while the Nifty50 closed above 19300 levels on Wednesday.
Will RBI announce steep rate hikes? Nomura sees up to 50 bps increase by Dec, dismisses 125 bps hike fears
Nomura expects the RBI to pursue a limited tightening cycle, with a possible 50 bps rate hike by December, as food and energy pressures rise