Australia’s Labour Market Weakens as November Employment Drops Sharply 
U.S. Stock Futures Mixed as Tech and AI Stocks Face Pressure Ahead of CPI Data 
Asian Currencies Hold Steady as Indian Rupee Slides to Record Low on Fed Outlook 
China’s Small Bank Consolidation Struggles as Profits Fall and Risks Persist 
Indonesia–U.S. Tariff Talks Near Completion as Both Sides Push for Year-End Deal 
South Korea Extends Bond Market Stabilization Measures Amid Rising Financial Risks 
Dollar Struggles as Markets Eye Key Central Bank Decisions and Global Rate Outlooks 
Ireland Limits Planned Trade Ban on Israeli Settlements to Goods Only 
Modi and Trump Hold Phone Call as India Seeks Relief From U.S. Tariffs Over Russian Oil Trade 
Asian Stocks Rally as Tech Rebounds, China Lags on Nvidia Competition Concerns 
Oil Prices Rebound in Asia as Venezuela Sanctions Risks Offset Ukraine Peace Hopes 
China’s November Economic Data Signals Slowing Industrial Output and Weak Consumer Demand 
U.S. Dollar Slides for Third Straight Week as Rate Cut Expectations Boost Euro and Pound 
Fed Near Neutral Signals Caution Ahead, Shifting Focus to Fixed Income in 2026 
Japan Business Sentiment Hits Four-Year High, Boosting Expectations of BOJ Rate Hike 
The Indian rupee is expected to react cautiously this week as renewed U.S.-China trade tensions weigh on global risk sentiment. The currency, which closed at 88.6850 per dollar on Friday, gained 0.1% over the week after the Reserve Bank of India (RBI) stepped in to prevent it from breaching its all-time low of 88.80. The RBI’s steady interventions continue to stabilize the rupee, even as downside pressure persists due to weak portfolio inflows and external headwinds.
Global markets were rattled after U.S. President Donald Trump reignited the trade war with China, announcing a 100% tariff on Chinese exports and new export controls on critical software starting November 1. The dollar index slipped 0.5% on Friday but still ended the week 1% higher, reflecting cautious optimism among investors.
Market experts expect the rupee to remain under mild depreciation pressure unless supported by strong portfolio inflows or positive trade discussions between India and the U.S. According to IFA Global, importers should buy on dips while exporters are encouraged to hedge gradually, as rupee weakness is expected to unfold in a controlled manner.
In the bond market, India’s 10-year benchmark yield on the 6.33% 2035 bond edged up to 6.5370%, influenced by mixed investor demand and anticipation ahead of key inflation data. The September CPI, expected at 1.70% per Reuters’ poll, could push yields lower if it undershoots estimates. States are set to borrow ₹2.82 trillion in Q4 FY2024, easing supply concerns.
Economists expect inflation to remain below 2%, providing room for the RBI to cut rates in December, with another potential reduction in February. DBS Bank’s Radhika Rao forecasts the 10-year yield could trend toward 6.40%, supported by dovish policy sentiment and lower inflation readings.
