At the time of writing this report, Sensex traded at 62,516.75 points, down 351.75 points or 0.56 per cent, whereas Nifty traded at 18,600.80 points, down 95.30 points or 0.51 per cent. Rupee opened at 81.23 against the US dollar. On Friday, it closed at 81.32.
The Reserve Bank of India's three-day monetary policy committee meeting commences today. Financial markets will be keenly watching the committee's stance as consumer inflation is still above the 6 per cent target band.
The Reserve Bank of India's three-day monetary policy committee meeting is set to commence today. Financial markets will be keenly watching the committee's rate hike stance if any, as inflation is still above the 6 per cent target band.
After the nomination of Chinese President Xi Jinping for the third term in October, people hoped that they would get some relief from the policy but with its 1000 Covid cases, the residents are afraid of the repetition of lockdown, The Hong Kong Post reported.
The continued demonstrations against harsh lockdowns and the Chinese Communist Party's (CCP) zero-covid policy in China are probably going to make it more difficult for Xi Jinping to realize his goal of making China a superpower.
The stringent COVID rules in China have had a detrimental effect on the lives of millions of individuals. According to Global Strat View, the demands now include free expression and respect for human rights in addition to simply relaxing the restrictions, according to Global Strat View.
Uttar Pradesh Chief Minister Yogi Adityanath on Sunday lauded the country's position as the fifth largest economy of the world and said that it is the testimony of India's "rising prestige globally".
Speaking to ANI, Lekshay stated that the Tibetan government in exile has called on Beijing to take a "humane approach" according to the international standard.