Indian shares are set for a muted start on Tuesday as investors await the U.S. Federal Reserve's latest monetary policy meeting minutes to gauge the central bank's future rate-hiking path.
India's NSE stock futures listed on the Singapore exchange were up 0.06% at 17,876 as of 8:12 a.m. IST.
U.S. markets were shut on Monday due to the President's day holiday. Non-U.S. assets were mixed as investors tread cautiously a day ahead of the release of Fed minutes. The minutes would likely provide cues on the future rate-hike trajectory of the U.S. central bank. Recent has heightened inflation concerns, sparking fears of a prolonged higher interest-rate regime in the world's largest economy.shedding 0.26%.
Foreign institutional investors extended their selling streak for the second day on Monday, offloading a net 1.59 billion rupees of equities.
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