Benchmark indices NSE’s Nifty 50 traded higher on Monday following their Asian peers. The Sensex rose over 170 points in the opening trade, while the Nifty 50 traded above 10,700. However, investors will remain cautious ahead of a crucial RBI board meeting today amid tensions between the finance ministry and the central bank. Analysts expect that the key issues in board meeting will be easing rules for weaker banks, providing liquidity to non bank finance companies and framing a new capital framework for RBI. Most Asian stocks edged higher Monday even as U.S.-China trade tensions showed no sign of improvement over the weekend. Shares from Tokyo to Hong Kong rose, while Australian shares retreated.
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