- Indian Equity indices touched record highs on Tuesday, with the benchmark BSE Sensex ending at 77,301, up 308 points or 0.4%, while the Nifty50 closed at 23,558, up 92 points or 0.39%.
- The Indian Rupee may strengthen beyond 83.20 once inflows from India's inclusion in the JPMorgan emerging market debt index start later this month, said Sajal Gupta, head of forex and commodities at Nuvama Wealth Management's institutional desk.
- The US Retail Sales rose 0.1% MoM in May from a 0.2% decline in April, below the market expectation for an increase of 0.2%, the Commerce Department reported Tuesday.
- New York Fed President John Williams said on Tuesday that he expected interest rates to come down gradually as inflation eases.
- Boston Fed President Susan Collins stated that despite progress on inflation, price growth remained persistently over the Fed's 2% inflation objective, adding that it is still too early to say whether or not inflation is on course toward the target.
- Richmond Fed President Thomas Barkin said the recent data showed consumer prices did not rise at all from April to May, but the choppiness in data since last year means the policy path ahead is not clear.
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