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INDIA: Country Wrap: Minister Not Concerned by Foreign Investors Selling. 

INDIA
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  • Voters in India’s capital went to the polls Wednesday in a crucial test for Prime Minister Narendra Modi, whose party has failed to wrestle control of Delhi from a small but formidable rival for over a decade now. (source: BBG)
  • Overseas investors selling Indian equities isn't a doomsday scenario, finance minister Nirmala Sitharaman said-they invest, make a profit and invest again. This only shows that the fundamentals of the economy are strong, she said in a post-budget interview (source: India Economic Times)
  • Indirect tax to rise by 8.3 per cent, corporate tax by 10.4 per cent in FY26: Report from ICICI Bank (source: The Hindu Business Line)
  • RBI Monetary Policy: Goldman Sachs Expects 25-Basis-Point Repo Rate Cut (source: NDTV Profit).
  • India’s NIFTY 50 is opening weak, down -0.20%, following yesterday’s decline of -0.18%.
  • INR: the rupee continues to weaken, down -0.09 to 87.54.
  • Bonds: India’s 10YR is grinding lower in yield to 6.657%
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  • Voters in India’s capital went to the polls Wednesday in a crucial test for Prime Minister Narendra Modi, whose party has failed to wrestle control of Delhi from a small but formidable rival for over a decade now. (source: BBG)
  • Overseas investors selling Indian equities isn't a doomsday scenario, finance minister Nirmala Sitharaman said-they invest, make a profit and invest again. This only shows that the fundamentals of the economy are strong, she said in a post-budget interview (source: India Economic Times)
  • Indirect tax to rise by 8.3 per cent, corporate tax by 10.4 per cent in FY26: Report from ICICI Bank (source: The Hindu Business Line)
  • RBI Monetary Policy: Goldman Sachs Expects 25-Basis-Point Repo Rate Cut (source: NDTV Profit).
  • India’s NIFTY 50 is opening weak, down -0.20%, following yesterday’s decline of -0.18%.
  • INR: the rupee continues to weaken, down -0.09 to 87.54.
  • Bonds: India’s 10YR is grinding lower in yield to 6.657%