Indian markets head into the holiday-shortened week with trade headlines in focus, as officials signal a US deal is close but nothing imminent, while talks with Canada and Australi
Indian markets head into the holiday-shortened week with trade headlines in focus, as officials signal a US deal is close but nothing imminent, while talks with Canada and Australia move forward. Liquidity is the underlying story, with a large cash surplus keeping the RBI on a hawkish path and banks absorbing forex losses after the central bank capped rupee positions. Consumers feeling the pinch from inflation adds a cautious tone to the demand picture.
Sources
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