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The Indian rupee may now be undervalued following its recent depreciation, Reserve Bank of India Governor Sanjay Malhotra said in an interview with Mint.
Source
Bloomberg Markets
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A Nifty gauge of government-controlled banks has fallen 6% this month.
India’s state-run fuel retailers raised gasoline and diesel prices for the fourth time this month as surging consumption during the agricultural harvest season and widening price disparities with private outlets strained inventories.
Chinese coking coal futures jumped by the daily limit and mining stocks surged after a deadly accident in Shanxi province sparked fears of broader supply disruptions.
Japan’s Nikkei 225 breached 64,000 for the first time Monday as a sharp decline in oil prices lifted risk sentiment in holiday-thinned trading.
