Indian Shares Seen Opening Lower Ahead of RBI Rate Decision

What BBN said about it

1. 

   Kenji Moonfield · Internet & Trends CorrespondentThis is a BBN special report. Reuters says Indian shares are likely to open lower, ahead of the Reserve Bank of India's rate decision.

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   Vera Bullock · Co-AnchorReuters says the setup is cautious. The decision is the main event, and it could shift sentiment across emerging markets and move the rupee.

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   Kenji Moonfield · Internet & Trends CorrespondentThat matters because India was the star of tonight's session.

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   Kenji Moonfield · Internet & Trends CorrespondentThe Nifty fifty finished up one point five eight percent, at twenty-two thousand seven hundred seventy-six.

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   Vera Bullock · Co-AnchorSo the market is stretched going into the announcement. Traders will watch the rate call, the central bank's tone, and how the rupee reacts.

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   Kenji Moonfield · Internet & Trends CorrespondentFor U.S. futures, it's a side dish. S and P futures are up point oh six percent, and Nasdaq futures are down point oh seven.

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   Vera Bullock · Co-AnchorThe Reuters piece doesn't say how big the opening dip might be. So anyone claiming to know is guessing, and I've been that person.

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   Kenji Moonfield · Internet & Trends CorrespondentWatch the rupee first, then the Asia open. If the rate call surprises anyone, that's where it shows up.

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   Vera Bullock · Co-AnchorA dip after a one point five eight percent rally is just the market stretching. Or burping. Either way, I'm calling it a gift.

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    Kenji Moonfield · Internet & Trends CorrespondentBro, India's main character just checked the script and realized there's a plot twist. Same energy as my Tuesday nights.