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INDIA: Country Wrap:  Modi’s World Tour Continues to Reap Benefits. 

INDIA
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  • According to a release post the meeting between Prime Minister Modi and Qatar’s Emir, the Qatar Investment Authority will invest $10bn in India, opening and office.  (source: BBG).
  • The unemployment rate in urban areas held steady at 6.4% compared to the previous quarter but the year on year numbers moderated, according to the Periodic Labour Force Survey . (source: The Times of India)
  • India’s NIFTY 50 is enjoying what seems like lately a rare positive start to the day up +0.32%, following yesterday’s decline of -0.06%.
  • INR:  the rupee is opening weaker by -0.09% at 86.96.
  • Bonds:  IGB 10 YR finished yesterday 1bp lower at 6.6859, where it is opening unchanged this morning. 
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  • According to a release post the meeting between Prime Minister Modi and Qatar’s Emir, the Qatar Investment Authority will invest $10bn in India, opening and office.  (source: BBG).
  • The unemployment rate in urban areas held steady at 6.4% compared to the previous quarter but the year on year numbers moderated, according to the Periodic Labour Force Survey . (source: The Times of India)
  • India’s NIFTY 50 is enjoying what seems like lately a rare positive start to the day up +0.32%, following yesterday’s decline of -0.06%.
  • INR:  the rupee is opening weaker by -0.09% at 86.96.
  • Bonds:  IGB 10 YR finished yesterday 1bp lower at 6.6859, where it is opening unchanged this morning.