Indian shares are set to open higher on Monday as rising bets of a rate pause by the U.S. Federal Reserve aided sentiment, ahead of domestic retail inflation data later in the day.
India's NSE stock futures listed on the Singapore Exchange were up 0.37% at 18,679.50, as of 7:57 a.m. IST.
Wall Street equities closed at new highs for 2023 on Friday, on rising odds of a rate hike pause by the U.S. central bank in its upcoming meeting on June 14. FEDWATCH Asian markets were mixed, ahead of rate decisions from the Bank of Japan and European Central Bank, due this week.India's inflation likely cooled to a 20-month low of 4.42% in May as food price rises slowed further, drawing closer to the Reserve Bank of India's medium-term target of 4%, a Reuters
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