MARKETS: Strong start likely ahead of RBI’s rate action; SGX Nifty up 70pts

Markets are likely to open in positive territory ahead of the Reserve Bank of India’s (RBI) policy action. Experts expect the Indian central bank to hike interest rates between 35 to 50 basis points (bps). 

As of 8:02 AM, the SGX Nifty Futures quoted at 17,454 levels, up 72 odd-points on the Nifty50.

Globally, weak corporate earnings…