Indian shares hit a fresh five-month low on Tuesday as domestic lenders tracked losses in global peers on the back of a U.S. banking crisis that sparked a global sell-off in the sector.
were among the top drags, falling 0.4% and 1.5%, respectively, even as analysts dispelled concerns saying Indian lenders were insulated from the U.S. banking crisis.eased to 6.44% in February from 6.52% in January but stayed above the Reserve Bank of India's targeted level for a second straight month.
Investors will now focus on the U.S. inflation data, due later in the day, for cues on the rate hike trajectory amid bets of the Fed turning less hawkish amid the banking crisis. Reporting by Nishit Navin in Bengaluru; Editing by Eileen Soreng, Janane Venkatraman and Dhanya Ann Thoppil
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