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Foreign portfolio inflows and the rupee have ​strengthened after India’s free trade agreement with the European Union and an interim trade deal with the United States, the Reserve Bank of ‌India said ⁠in ⁠its monthly bulletin on Friday.
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Securities and Exchange Board of India has approved IPOs of Integris Medtech, Alpine Texworld, Anjali Labtech and Appl Containers. Integris plans a Rs 925 crore issue largely for debt repayment, while the others aim to fund expansion and list on NSE and BSE.
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India’s benchmark 10-year government ​bond yield spiked on Friday, ​driven by mounting concerns about a potential military confrontation ​between the U.S. and Iran that has bid crude oil prices up to their highest in six months.
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The average long-term U.S. mortgage rate slipped this week to its lowest level in more than three years, but remains around 6% in the same narrow range it has been in this year.
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U.S. stock index futures were flat on Friday as ​investors awaited key economic data to gauge the path of monetary policy easing for the year while monitoring tensions with Tehran and a potential U.S. Supreme Court decision on Trump’s tariffs.
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