Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at:
Good morning, this is Ashutosh Joshi , an equities reporter in Mumbai. A rebound in Asian stocks on Tuesday — after a crypto-led selloff — seems unlikely to lift the mood in Indian markets, where a struggling rupee and fading expectations of an RBI rate cut later this week are right now driving sentiment. After three straight months of gains, stocks are also likely to move into consolidation mode as traders wait for clearer signals on the RBI’s rate-cut trajectory and how trade negotiations are shaping up. On the global front, nearly $1 billion in leveraged crypto positions were wiped out during Monday’s sharp price drop. Back home, all eyes will remain on the rupee, with that 90-per-dollar mark uncomfortably close.