MNI China Daily Summary: Friday, January 10

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AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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INDIA: Country Wrap – Cracks Open in the MPC. 

INDIA
IndiaEM BulletBulletAPACEmerging Market News
  • The Reserve Bank of India’s rate-setting panel kept the benchmark repurchase rate unchanged at 6.5% earlier this month, with two of the six members - Nagesh Kumar and Ram Singh - voting for a quarter-point cut.  (source: BBG).
  • Roaring Nineties-Style US Stock Boom Finds Parallels in India (source: BBG)
  • India’s NIFTY 50 is opening up strongly today up +0.86%.
  • INR:  steady at 85.06.
  • Bonds: India’s 10YR is opening up stronger, down almost 1bp to 6.78%. 
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  • The Reserve Bank of India’s rate-setting panel kept the benchmark repurchase rate unchanged at 6.5% earlier this month, with two of the six members - Nagesh Kumar and Ram Singh - voting for a quarter-point cut.  (source: BBG).
  • Roaring Nineties-Style US Stock Boom Finds Parallels in India (source: BBG)
  • India’s NIFTY 50 is opening up strongly today up +0.86%.
  • INR:  steady at 85.06.
  • Bonds: India’s 10YR is opening up stronger, down almost 1bp to 6.78%.