To keep inflation within the RBI's 4 per cent target range, the OECD expects a temporary 25-basis-point rate hike by the end of the first quarter of FY27 before monetary policy eases again in FY28

Indian stock markets opened sharply lower on Wednesday as escalating US-Iran tensions and rising crude oil prices rattled investor sentiment. Sensex fell over 800 points, while Nifty slipped below 23,300. IT stocks led the decline, with TCS plunging nearly 6 per cent