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INDIA: FX Drop as RBI Defends the Currency. 

INDIA
  • FX Reserves Drop as RBI Defends Currency. (source: MNI – Market News)
  • Government and RBI disagree on interest rates. Neither is wrong (source: Indian Express).
  • Following a good week last week, India’s NIFTY 50 is up 1.55% from the open Monday.
  • INR is steady at 84.35 this morning.
  • Bonds: India’s 10-year at 6.85%, down -2bp in morning trading. 
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  • FX Reserves Drop as RBI Defends Currency. (source: MNI – Market News)
  • Government and RBI disagree on interest rates. Neither is wrong (source: Indian Express).
  • Following a good week last week, India’s NIFTY 50 is up 1.55% from the open Monday.
  • INR is steady at 84.35 this morning.
  • Bonds: India’s 10-year at 6.85%, down -2bp in morning trading.