India

Asian stocks track US gains on Fed rate cut bets

Asian stocks mirrored Wall Street’s gains, driven by growing confidence in a potential Federal Reserve interest-rate cut in December and a rebound in technology shares. This optimism follows Fed Governor Christopher Waller’s signal of support for a rate reduction, suggesting November’s pullback may set the stage for a December rally. Source link

India

Benchmark yield retreats after RBI's rate-cut hints

Government security yields eased as RBI Governor Sanjay Malhotra indicated scope for an interest-rate cut, citing favorable macroeconomic data. The Monetary Policy Committee, which previously cut rates by 100 basis points, has maintained a pause since August. Future rate cuts are possible depending on the committee’s decision at their upcoming meeting. Source link