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RBI rate decision, global trends to drive markets this week: Analysts
The domestic stock market may face volatility amid the monthly derivatives expiry scheduled this week, while investors would mainly await the outcome of RBI's interest rate decision on Friday, said analysts.
Global market movement would also continue to drive sentiment amid a bearish trend recently following rate hikes by the US Federal Reserve and other central banks.
The Reserve Bank of India (RBI) may take cues from its global counterparts to raise interest rate for the fourth time in a row to control inflation.
The RBI, which has since May raised the short-term lending rate (repo) by 140 basis points (bps), may again go for a 50 basis points increase to take it to a three-year high of 5.9 per cent, say experts.
Vinod Nair, Head of Research at Geojit Financial Services, said for the week ahead, investors will keenly watch the outcome of the RBI monetary policy on September 30.
"We expect the market direction will be led by global developments and FIIs' (Foreign Institutional ..
