MUMBAI: Equities remained under pressure for the second session running on Monday as investors stayed on the sidelines ahead of a crucial meeting of the US Federal Reserve this week where it is expected to go for an aggressive rate hike to tame runaway inflation.
A weak rupee and persistent foreign fund outflows further weighed on bourses, though encouraging domestic macroeconomic data like all-time high GST collections and strong manufacturing PMI cushioned the fall.
