Indian Markets on Hold as RBI Prepares to Announce Rate Decision

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Indian stock markets are in a cautious mood as investors await the Reserve Bank of India's upcoming monetary policy decision. The RBI is widely expected to hold the repo rate steady at its current level. Elevated crude oil prices and ongoing geopolitical tensions stemming from the Iran conflict have added uncertainty to the economic outlook. These external pressures are seen as key factors influencing the central bank's decision to maintain the status quo. Traders and analysts are closely watching the announcement for any signals on the future direction of interest rates.

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