India, April 3 -- Indian shares may follow global peers lower on Friday, even as a weakening dollar, plunging oil prices and expectations for accelerated Federal Reserve interest-rate cuts may help cap overall losses to some extent.
Additionally, investors expect RBI's MPC to reduce the repo rate by 25 bps next week, based on the expectation of a moderation in the CPI inflation to 4.2 percent on average in FY26.
Benchmark indexes Sensex and Nifty dropped around 0.4 percent each on Thursday, with IT and auto stocks leading losses on tariff jitters.
The rupee closed up 7 paise at 85.43 against the greenback in the wake of dollar weakening in international markets.
Foreign institutional investors net sold shares worth Rs 2,806 crore on Thu...