The RBI has cleared LIC to go to 9.99% of HDFC Bank, permission worth roughly Rs 67,000 crore of buying that history says may never happen. Quick service restaurants climbed fastest up the momentum rankings this month. & the RBI's own August minutes now concede a rate-hike case "may emerge", with inflation projected to peak at 5.9%.
| Item | Level | Move | One-line note |
|---|---|---|---|
| Gold | $4,497/oz | -0.5% | +10.3% in a month; below the January peak |
| Silver | $67.1/oz | +0.3% | +14% in a month, outpacing gold |
| Brent crude | $91.85/bbl | +0.3%, 5th day up | US-Iran escalation keeps supply fear priced |
| WTI crude | $84.45/bbl | +0.1% | Tracks Brent at a $7 discount |
| US 10-yr Treasury | 4.64% | -5.7 bp | Treasury buyback expansion pulled yields lower |
| US 30-yr Treasury | 5.18% | -9 bp | Had touched 5.34%, highest since 2007 |
| India 10-yr G-sec | 6.83% | +1 bp | Seen rising further on hawkish minutes |
| USD/INR | 95.64 | +0.15% | Rupee roughly 9.6% weaker over a year |
| RBI MPC minutes | Repo 5.25% | Hold | A hike case "may emerge"; CPI peak seen at 5.9% |
| US FOMC minutes | No cut support | Hawkish | Three officials dissented in favour of a hike |
| RBI overseas-investment data, July | $5.71 bn | +16.7% YoY | Indian firms' outbound commitments rising |
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