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Benchmarks exchange less than 0.5%, fearing that Reserve Bank of India (RBI) Governor Urjit Patel will resign today due to differences with central government .
The rupee is trading on a lower note slipped to 74 per dollar. The Indian currency has fallen to 74.13 against the US dollar so far this day, down from the previous close of 73.67 against the greenback.
WILL THE RBI GOVERNOR STOPS TODAY 'HUI? observe the decision of the Governor of the Reserve Bank of India, Urjit Patel. The rift between the Indian central bank and the government has deepened and could lead the governor of the Reserve Bank of India (RBI) to consider his resignation, reported Wednesday television channels quoting sources.
There was an irreversible break-up between RBI Governor Urjit According to the media, Patel and the government indicated that all options were on the table.
About 150 companies, including Larsen & Toubro, Tata Motors, Lupine, Vedanta, Canara Bank, United Spirits and Dabur India and Adani Power are expected to announce their results for the September quarter later during the day.
On the macroeconomic front, investors expect to receive eight data from the Infrastructure Industries Index and the budget deficit in September, along with the Nikkei PMI Manufacturing. The data must be published Thursday.
WORLD MARKETS
Asian stocks have moved back from their lowest levels in the past 20 months to earn modest gains on Wednesday, thanks to a rebound on Wall Street although investors remained cautious after a month of trading. a scorching October in which billions of dollars were swept away from global stock markets.
The broadest index of the Asia-Pacific equities (MSCI) market outside Japan rose 0.05%, but was still falling. hundred this month. Australian equities rose 0.1%, South Korea's KOSPI 0.35% and Japan's Nikkei 0.5%.
The three Wall Street stock indexes surged more than 1% on Tuesday, buoyed by strong gains for chip and transportation values. Investors benefited from lower prices following the recent sharp stock pullback.
(with the contribution of Reuters)
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