The Indian rupee hit an all-time low Tuesday, pressured by trade deficits and tepid inflows, despite strong economic fundamentals. The Reserve Bank of India intervened to prevent a breach of the 90 per dollar mark. Analysts suggest underlying weaknesses may force the RBI to allow further depreciation over time, as foreign investors pull back and importers rush to buy dollars.Read More
Nomura forecasts India’s Nifty 50 to reach 29,300 by end-2026, anticipating a 12% rise driven by economic momentum and earnings growth under supportive policies. The brokerage sees normalized valuations and constructive medium-term outlook due to policy support and strong domestic inflows, while cautioning against narrative-driven stocks.Read More
Indian government bond prices remained subdued on Tuesday as traders anticipated a larger-than-expected state debt issuance. A record low for the rupee also dampened investor sentiment, with the benchmark 10-year yield hovering around 6.56%. Market participants are now closely watching the upcoming Reserve Bank of India policy decision for further direction.Read More
China Vanke bonds saw a sharp fall Tuesday. The developer, once the nation’s top home builder, is seeking to delay a bond repayment by one year. This move aims to prevent a default amidst a prolonged property market downturn. Vanke has requested holders of a 2 billion yuan bond to postpone principal and interest payments.Read More
Realty Income is making a significant $800 million investment in Las Vegas’ CityCenter properties, ARIA Resort & Casino and Vdara Hotel & Spa. This deal with Blackstone Real Estate marks their second collaboration. MGM Resorts International will continue operating these central Las Vegas Strip locations.Read More
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