November 21, 2024 05:12 GMT
INDIA: Country Wrap: RBI Governor Remains Hawkish.
INDIA
- The RBI considers its job is “not finished” till inflation settles around its target of 4% on a durable basis, Governor said Thursday (source: BBG).
- The slack in speed of economic activities observed in the second quarter of the current financial year is "behind us," according to the RBI November bulletin (source: BBG).
- India’s NIFTY 50 has opened Thursday very weak, down -0.75%.
- INR – Rupee remains very stable at present trading around 84.43.
- Bonds: having moved marginally lower in yield yesterday, India’s 10-year government bond edged up in yield 1bp this morning to 6.855%.
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