- MUFG Bank analysts said in a note that "Asian currencies have continued to strengthen against the US dollar on the back of broad U.S. dollar weakness and risk-on sentiment.”
- Foreign investors have pulled out about $2.5 billion from Indian shares in August, according to stock depository data.
- India's Exports declined 6% in the current fiscal year through July compared to the same period in the previous year. In FY24, foreign direct investment in India dropped by 3.5%.
- Fed Governor Michelle Bowman stated on Tuesday that she will remain cautious in her approach to any change in the policy stance. She added that overreacting to any single data point could jeopardize the progress already made.
- Markets are pricing in about a 67.5% chance of the Fed cutting interest rates by 25 basis points (bps) in September, according to the CME FedWatch Tool
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