Asian markets opened mixed on Friday. Shanghai Composite and Nikkei 225 are in red, while Hang Seng is trading marginally up.
Wall Street closed higher on Thursday, with the Nasdaq having another record-setting session. The Dow Jones industrial average gained 0.54% to close at 18,392.46 points. The Nasdaq advanced 0.84% to close at 5,339.52 points.
On the political front, the GST will be rolled out on 1 April, members at the first meeting of the GST council decided by consensus on Thursday. The government expects to mobilise more than Rs8.20bn from the fifth tranche of Sovereign Gold Bond (SGB) scheme, and the next tranche will be launched with more attractive features before Diwali.
The government has named three outside experts as members of the Monetary Policy Committee (MPC) of the Reserve Bank of India, moving to a model followed in the developed world. The six-member MPC—the other three members are from the RBI—will conduct its first monetary policy review on 4 October, Urjit Patel’s first as RBI governor.
The rupee opened lower by three paise at 66.69/$ against US Dollar Friday as against the previous close of 66.66/$.