December 19, 2024 05:29 GMT
INDIA: Country Wrap: RBI Backs Off its Currency Defense.
INDIA
- India’s Central Bank Dials Down Use of NDFs to Fight Dollar (source: BBG).
- China Vows to Maintain Border Peace With India as Ties Stabilize (source: BBG).
- India’s Record Gold Import Said to Be Due to Calculation Error (source: BBG).
- India’s NIFTY 50 declined -0.56% yesterday and is off -1.00% in early trading to potentially deliver a fourth successive day of declines.
- INR: has remained resilient in the face of a sell-off today down only -0.13% to 85.06.
- Bonds: India’s 10YR yield is 4.5bps higher today at 6.791%
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