Indian markets are expected to open on a negative note tracking the SGX Nifty and Asian markets.
U.S. markets fell Monday amid mounting speculation the Federal Reserve will raise interest rates before summer.
European stock markets bounced back yesterday as positive eurozone data and expectations of low US interest rates for some time helped offset renewed concerns over a weak Japanese economy.
Indian markets posted modest gains on Monday on the back of positive global cues and renewed capital inflows from foreign investors. RBI is set to announce its first bimonthly monetary policy statement today at 11am. RBI is widely expected to cut interest rates by at least a quarter of a percentage point on the back of the Union Budgets fiscal prudence measures and low inflation.
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