February 12, 2025 06:15 GMT
INDIA: Country Wrap: Fin. Minister Positive on Growth.
INDIA
- Despite data suggesting that growth is moderating, forcing the central bank to cut, the Finance Minister said in parliament today that India is seeing a speedy rebound in growth. (source: BBG).
- India’s NIFTY 50’s terrible run continues down for a sixth successive day, by -0.62%
- INR: following the central bank’s intervention in the rupee, the currency was steady today, weaker by -0.04% at 86.86.
- Bonds: bonds remain well supported with the IGB 10YR lower in yield again today at 6.69%
79 words