Indian stock markets may continue to remain volatile on Friday tracking weakness in Asian peers. The Reserve Bank of India governor Shaktikanta Das will address press at 10 am today and major announcements, if any, by the central bank may boost the investor sentiment.
SGX Nifty, down 0.3%, suggests a weak opening for Indian benchmark indices. RBI governor’s presser comes ahead of the monetary policy committee meeting scheduled between 3 June and 5 June.
The committee is expected to announce its second bi-monthly policy on June 5. India’s outstanding bank loans shrank during the lockdown despite a massive liquidity injection by the central bank to spur credit growth, indicating demand for loans is ebbing as the pandemic leaves a haze of