Wall Street’s tariff turbulence and ongoing uncertainty around US policy under Trump continue to weigh on the Indian rupee, with INR/USD hanging near a critical threshold.
Before the market opens, here’s a concise briefing on the key developments likely to influence trading sessions today. Good morning—this is Ashutosh Joshi, Mumbai-based equities correspondent. Indian equities are set for a tentative start to the day, even as most major Asian markets lean higher on the anticipation that the Federal Reserve could cut rates in the coming week.
Domestically, traders will be watching tomorrow’s RBI policy meeting closely, and especially what the central bank chief says about the rupee after it breached the 90 per dollar mark on Wednesday. Tech shares may grab attention as Tata Consultancy Services is reported to be in discussions with OpenAI about helping to scale AI infrastructure—a development that could buoy technology stocks.
IndiGo also faces scrutiny after news of flight cancellations tied to a pilot shortage and technical glitches, while geopolitical dynamics remain on investors’ radar as Russian President Vladimir Putin begins his state visit to India today.
Overall, the market tone reflects a mix of macro headwinds and company-specific catalysts that could shape sentiment in the near term.
