India's Mobile Segment Set to Be Key Beneficiary of U.S.-China Trade Wars -- Market Talk

WSJ11:18

The HSBC Manufacturing PMI for India in December was revised down to 56.4, hitting a one-year low.

The India Purchasing Managers' Index (PMI), jointly released by S&P Global and HSBC, indicates that the seasonally adjusted Manufacturing PMI for December is 56.4, revised down from the initial value of 57.4, marking the lowest point in 12 months. This suggests a weaker improvement in operating conditions, with the growth rate being the smallest since 2024. Overall data is below November's 56.5, but still above the long-term average level of 54.1, indicating that the growth rate remains strong.

AASTOCKSJan 2 21:51

Pressures to Ease for Indian Banks in 2025 as Risks Recede, Jefferies Says

MT NewswiresJan 2 17:26

The non-deliverable forward market arbitrage expands, and the Indian Rupee may hit a historical low again.

The significant demand for U.S. dollars in the non-deliverable forward (NDF) market has expanded arbitrage with the onshore market in India, putting greater pressure on the rupee, bringing it close to another historical low.

Zhitong FinanceJan 2 16:55

India Rupee Onshore-NDF Arbitrage Widens, New All-time Low in Sight

Yahoo FinanceJan 2 15:41

India's Manufacturing PMI Hits 12-Month Low at 56.4 in December 2024

MT NewswiresJan 2 15:02