India, Feb. 6 -- Indian shares are likely to open on a cautious note Friday as investors react to muted cues from Asian markets and await the RBI's interest-rate decision later in the day for direction.
The Reserve Bank of India is likely to cut its benchmark repurchase rate by 25 basis points to 6.25 percent, but some analysts predict the central bank could cut by twice that amount.
It remains to be seen whether the RBI will announce any additional liquidity measures.
Benchmark indexes Sensex and Nifty fell around 0.3 percent and 0.4 percent, respectively on Thursday amid the expiry of the weekly options of Nifty 50 contracts.The rupee fell by 12 paise to close at 87.578 against the dollar because of the global trade war worries and sus...