Tune in to listen to our latest outlook on fixed income and the INR, in light of the RBI's currency measures and the October'26 Monetary Policy Committee outcomes.

Speaker:

Shaily Gang

Chief Investment Strategist

In this week's episode of The Week That Was, we break down key global and domestic market developments:

• Global Markets: Oil rose about 2.4% to around $105/bbl as Iran stepped up attacks on tankers around the Strait of Hormuz, while euro area inflation climbed to 3.8%, its fastest pace since September 2023. The Houthi attack on Saudi Arabia over the weekend added fresh uncertainty.
• India Macro & Economic Data: The RBI raised the repo rate by 25bps to 5.50%, its first hike since February 2023, shifted to a calibrated tightening stance and announced new measures to support the rupee. September CPI inflation rose to 5.54% from 4.83%, with food inflation at 7.74%.
• Domestic Equities & Sectors: The Nifty and Sensex snapped an eight-week losing streak, rising 0.4% and 0.8%. Telecom and FMCG led the gains, while Metals and Realty were the biggest laggards as higher rates weighed on sentiment.

Speaker:

Michelle Castellino

Investment Strategist

Tune in to understand why we are still overweight India equity markets despite the recent macro headwinds and broader market weakness.

Speaker:

Shaily Gang

Chief Investment Strategist