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India holds rates amid dissent on lower-for-longer stance

Bloomberg India’s central bank kept interest rates unchanged at a record low to support the economy, even as a split appeared among policy makers on continuing with the lower-for-longer stance. The Reserve Bank of India’s (RBI) six-member Monetary Policy Committee retained its main repurchase rate at 4%, as predicted by all 29 economists in a Bloomberg survey. Policy makers voted ...

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Stocks drift; commodities slump on stimulus, virus

Bloomberg Stocks were steady with US futures on Monday, while commodities tumbled as investors weighed concerns about a pullback in stimulus and a resurgence in the fast-spreading delta virus variant. The Stoxx 600 Index traded little changed as gains in technology firms offset declines in energy shares and miners. Crude oil extended last week’s decline — its worst since October ...

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Money fleeing China stocks may overlook India: UBS

Bloomberg Investors pulling out of China due to the recent regulatory crackdown may overlook India, where stocks are looking pricey after their climb to successive records, according to UBS Group AG. “The perception of risks in China has gone up and may lead investors to take out money and deploy it into other emerging markets,” Sunil Tirumalai, head of India ...

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