India Vix falls ahead of RBI policy
The central bank is expected to maintain status quo on account of various factors, including a likelihood of retail inflation nudging up due to higher prices of vegetables and protein items, rising crude oil prices, the risk of fiscal slippage, and the possibility of the US Fed upping interest rates.
At 11:49 AM, Nifty 50 and Sensex were down 0.5% each, with the metal and banking sector are the worst performers today.
The Nifty Metal was the biggest loser among sectoral indices, falling 1.5% as Hindustan Zinc, Hindalco Industries, Vedanta, Hindustan Copper, Tata Steel, Jindal Steel, NALCO, SAIL and MOIL rallied 1-3%.
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