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What to expect from markets on Monday

In domestic markets, last week had been a busy one and new developments kept investors on their toes as the Monetary Policy Committee announced its maintained stance and hiked the repo rate to 35 basis points instead of 50 bps. The global markets are expecting an aggressive hike in policy rates by Federal Reserve next week. If the Fed hikes its monetary policy rates, the global markets are bound to react to the policy change.