RBI board meet, stock-specific actions and trends in global markets are likely to play a key role in deciding market direction on Monday.
All eyes will be on RBI board meet today. Over the past few days, the government and the RBI have had discussions in a bid to arrive at a common ground on at least two demands of the government — easing PCA norms for some banks along with aligning the regulatory capital requirement of banks with international norms and a special dispensation for MSMEs.
On the global front, Asian shares inched cautiously higher amid conflicting signals
On the global front, Asian shares inched cautiously higher amid conflicting signals