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The Indian rupee weakened to 89.9 per USD after the RBI cut interest rates by 25 basis points to 5.25%. This decision was influenced by low inflation and steady growth, creating a "Goldilocks" scenario. The rupee's decline is due to soft trade flows, capital outflows, and U.S. tariffs. The RBI maintained a neutral stance, suggesting this may be the final rate cut for now.

Trading Economics

Rupee Slides as RBI Cuts Rates

The Reserve Bank of India (RBI) has lowered its key interest rate by 25 basis points to 5.25% and announced measures to inject up to $16 billion into the banking system through debt purchases and a foreign exchange swap. The RBI aims to support growth and bond market sentiment, with open-market operations and FX swaps scheduled for December. This marks the first OMO auction since May, reflecting RBI's awareness of G-sec yields and FX risks.

Reuters

India's RBI to deliver up to $16 billion liquidity boost for bond markets

** India's real estate stocks rises 1.3% after RBI cuts repo rate by 25 basis points** Nine of the 10 sub-index constituents trade higher** India's central bank cuts key lending rate in line with consensus view** Also announces open market operations of 1 trillion rupees to boost liquidity** Lower interest rate results in cheaper loans and can aid property sales** Benchmark Nifty 50 and Sensex up 0.3% each

India's real estate stocks rise as RBI cuts repo rate, boosts liquidity

** Financials climb 0.7%** Reserve Bank of India cuts key lending rate by 25 basis points to support economic growth** Rate cut makes borrowing cheaper, aiding loan demand and lowering funding costs, helping banks and non-bank lenders** NIFTYFIN was up 0.2% ahead of policy decision** Of 20 stocks on sub-index, 14 trading higher

India's financial stocks gain on RBI rate cut

Indian companies Adani and Hindalco are exploring investments in Peru's copper sector amid rising demand. Peru, a major copper producer, is negotiating a free trade agreement with India to secure copper supply chains. Adani and Hindalco are in early stages of investment exploration, with India aiming to source most of its copper concentrate from overseas by 2047. Free trade talks, including copper supply, are in final stages, expected to conclude by May.

India's Adani, Hindalco seek Peru copper assets as demand surges

Asia's stock markets have surged over 25% this year, driven by governance reforms and domestic investments, outpacing the S&P 500. However, challenges remain, requiring politically sensitive reforms. North Asian markets have seen increased share buybacks, while domestic investments in China and India have grown. Yet, Korea struggles to redirect domestic savings. Future reforms will test governments' resolve, especially in stabilizing China's property market and addressing India's retail investment issues.

ROI-Asia's stocks ride a reform wave, but rough seas lie ahead: Raychaudhuri

Taiwan and India aim to build a resilient supply chain and expand global business opportunities, as discussed by economic officials from both countries. Taiwan's Deputy Minister of Economic Affairs Cynthia Kiang and India's Amardeep Singh Bhatia highlighted cooperation in talent development, investment, and policy coordination. They signed an MOU on healthcare product regulations. Trade between Taiwan and India reached US$10.6 billion last year and US$10.17 billion in the first 10 months of this year, a 17.69% increase from the same period last year.

- Economic officials from Taiwan and India discussed cooperation on supply chain resilience and global business opportunities during a meeting in Taipei.  
- Taiwan's Deputy Minister of Economic Affairs highlighted India's role as a key destination for Taiwanese businesses, emphasizing collaboration in technology and talent development.  
- The meeting resulted in a memorandum of understanding on healthcare product regulations, with trade between the two countries reaching a record US$10.6 billion last year.  