The weekly monthly derivatives expiry is expected to cause some volatility in the domestic stock market, but investors will be mostly focused on Friday’s interest rate announcement from the Reserve Bank of India (RBI) and the movement of the rupee against the dollar.

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The Indian rupee fell for the eighth straight session on Friday, September 23, 2022, sliding 184 paise to a record closing low of Rs. 80.99 to the US dollar, while the weekly loss was 124 paisa, driven down by a strong US currency.

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The global market activity would also continue to drive the mood, which has been gloomy recently as a result of rate rises by the US Federal Reserve and other central banks.

The Reserve Bank of India (RBI) may follow the lead of its foreign counterparts and hike interest rates for the fourth time in a row in order to control inflation.

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The MPC’s interest rate decision is scheduled for Friday, September 30, 2022, and the market will be watching keenly. With rising inflationary concerns, the MPC is expected to raise the repo rate by 25-35 basis points.

Data on production in eight key sectors (coal, oil, natural gas, refinery products, fertilisers, steel, cement, and power) is expected on Friday.

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Harsha Engineers International will make its stock market debut on Monday, following a strong reaction to its initial public offering (IPO), which was oversubscribed 74.70 times the prior week. The final issuance price of Rs 330 per share has been set.

The August Durable Goods Orders for the United States will be released on September 27, 2022. On the same day, the US New Home Sales data for August and France’s unemployment statistics will be released.

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On September 28, 2022, consumer confidence statistics from Germany and France will be released, as will the minutes of the Bank of Japan’s most recent policy meeting.

On September 29, 2022, the US jobless claims statistics, US consumer spending data, Eurozone economic mood, consumer confidence, inflation data, and German inflation data will be announced.

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On Friday, September 30, 2022, the UK GDP data, Germany retail sales and unemployment statistics, France inflation and household consumption figures, Eurozone inflation and unemployment data, Japan unemployment, industrial output, consumer confidence, and retail sales data will be announced.

Also Read| How the US Fed rate hike will impact you?

China will release the NBS Manufacturing PMI on September 30, 2022. The Caixin Manufacturing PMI for September will be released on the same day.