India, May 29 -- Indian shares are likely to open lower on Friday as investors watch the judicial developments surrounding U.S. President Donald Trump's "reciprocal" tariffs and weigh the outlook for Fed policy.
Trump called Federal Reserve Chair Jerome Powell to the White House on Thursday and told the central bank chief he was making a "mistake" by not lowering interest rates. "Powell did not discuss his expectations for monetary policy, except to stress that the path of policy will depend entirely on incoming economic information and what that means for the outlook," the Fed said in a statement after the meeting.
Benchmark indexes Sensex and Nifty ended slightly higher on Thursday, after having struggled for direction till late afterno...