Economists believe India’s policy interest rate cuts are unlikely to continue due to West Asia crisis-driven inflation risks and the fading of a favorable base effect. Sustained foreign outflows and a weakening rupee could also force the Reserve Bank of India to reconsider further easing, potentially even a hike.
Sensex plunges 700 points, Nifty tests 24,000. 6 key factors behind the selloff
Indian stock indices Sensex and Nifty experienced significant declines on Monday. Rising oil prices and Middle East tensions dampened investor sentiment across the market. Broader