MNI China Daily Summary: Thursday, December 12

RPT-MNI BOC WATCH: More Gradual Approach Seen After 50BP Cut

MNI BRIEF: Beijing To Protect Firms From U.S. Bill - MOFCOM

MNI: PBOC Net Injects CNY28.8 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1854 Thurs; -1.13% Y/Y

MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100BPS TO 12.25%

MNI: SWEDEN FINAL NOV CPIF +1.8% Y/Y

MNI:AUSTRALIA NOV UNEMPLOYMENT RATE +3.9%

MNI: US NOV TREASURY BUDGET -$366.8B

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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Rupee Could Extend Gains For Fourth Session

INDIA

It is a busy session today; participants will digest GDP data and a speech from RBI Governor Das today. Das will speak at the annual FIMMDA-PDAI conference later today, he said last week that the RBI is in no hurry to adjust policy settings and will telegraph any changes to markets well in advance, emphasizing that the recovery has some way to go. Meanwhile fiscal deficit data is on the docket and Q2 GDP figures will be published at 1300BST/1730IST. GDP is expected to have grown 21% Y/Y. Indian states will sell bonds today.

  • The rupee extended its gains to a third session yesterday, playing catch up with a move lower in the greenback after Powell's Jackson Hole appearance. The rupee could advance again today as the greenback struggles for direction and DXY prints worst levels in two weeks as it tests its 50-DMA,
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