November 25, 2024 05:09 GMT
INDIA: FX Reserves Drop as RBI Defends the Currency (Corrected)
INDIA
- 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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