Indian shares closed lower on Friday and extended losses for a fifth straight week, dragged by broad sectoral losses after the Reserve Bank of India’s (RBI) policy meeting minutes flagged near-term inflation risks. Investors now await U.S. Federal Reserve Chair Jerome Powell’s speech later in the day.

Dear Trader… Ahead of Fed Chair Jerome Powell’s speech at Jackson Hole that has left traders and investors worried over further possible interest hikes, Indian equity markets ended in the red for the second straight session on Friday and extended losses for a fifth straight week. Selling was seen across