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(RTTNews) - Indian shares are seen opening higher on Tuesday, tracking mostly positive cues from global markets as oil extended declines, helping ease concerns around inflation and input costs ahead of the Reserve Bank of India's monetary policy announcement due this week.
We haven't written up this one. Nasdaq Markets has the full story — the link below goes straight to it.
Oil prices are currently around $100 a barrel as stable Middle Eastern exports ease supply concerns. However, ongoing regional conflicts, including Houthi attacks, raise risks of disruptions.
Higher rice and vegetable prices drove up the headline figure after monsoon rains triggered widespread flooding that destroyed farms.
Higher rice and vegetable prices drove up the headline figure after monsoon rains triggered widespread flooding that destroyed farms.
Key PointsWhen faced with rising costs, companies generally raise prices and focus on cost-cutting.
