Asian markets rebounded on Tuesday after a sharp slide in the previous session, with the MSCI’s broadest index of Asia-Pacific shares outside Japan adding 0.59%.
Indian shares were set to open higher on Tuesday, a day ahead of the Reserve Bank of India’s monetary policy decision, in which the central bank is expected to pause its tightening cycle after a rate hike of 25 basis points that the market has already baked in.
India’s NSE stock futures listed on the Singapore exchange were up 0.55% at 17,858 as of 8:00 a.m. IST.
Wall Street equities extended their fall overnight after data on Friday showed resilient U.S. jobs markets that heightened concerns that the U.S. Federal Reserve will keep rates higher for longer. [FEDWATCH]
Asian markets rebounded on Tuesday after a sharp slide in the previous session, with the MSCI’s broadest index of Asia-Pacific shares outside Japan adding 0.59%. [MKTS/GLOB]
The Reserve Bank of India is expected to raise the key policy repo rate by 25 bps at its next policy meeting on Feb. 8, marking the end of its tightening cycle. The RBI is expected to pause after the decision and wait for inflation to fall, in its bid to support economic growth.
