The minutes are due after market hours. The Indian central bank had left rates and policy stance unchanged earlier this month while reiterating its commitment to meet its 4% inflation target on a sustainable basis.
Overall, analysts maintain a positive yet cautious stance as Nifty 50 is set to retest its record high level, but there could be bouts of intra-day volatility. A possible breakout attempt for Nifty 50 above 22,150 could lead to an uptrend to inch towards 22,500+.
KUALA LUMPUR: The ringgit retreated from the previous day’s gains to open lower against the greenback today on rising US bond yields after the latest US economic data strengthened the view that interest rates would stay higher for longer.