Stock market today: Will Sensex, Nifty rally as investors await RBI's repo rate decision?

Key points

• Stock markets are expected to open higher on Friday as investors await the Reserve Bank of India's monetary policy decision, which could offer fresh clues on the outlook for interest rates, inflation and the rupee.
• The RBI's Monetary Policy Committee (MPC) is scheduled to announce its policy decision at 10:00 am.
• While economists widely expect the central bank to keep the repo rate unchanged at 5.25%, market participants will closely watch Governor Sanjay Malhotra's comments for signals on future policy action.
• GIFT Nifty futures were trading at 23,565.00 at 8:17 am, indicating that the benchmark Nifty 50 could open above its previous close of 23,416.55. The policy announcement comes at a time when the RBI is balancing several challenges, including a weakening rupee, rising crude oil prices and inflation concerns linked to the ongoing conflict in the Middle East.
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