Happy Diwali

Wow! INR closes at 93.91 a $, Indian currency’s strongest level against Greenback since April.
Nifty reclaims 25 K.
10 year bond yield is consolidating between 7.10% & 7.20% after rallying from 7.50% level.
Indian assets flavour the week ahead of Diwali, thanks to dropping crude price & US midterm elections.

BREAKING NEWS
Nasdaq tumbles as chip rout intensifies in wake of US midterm election results.
The tech-heavy Nasdaq was 5 per cent lower an hour into trading, while shares in @nvidia have fallen sharply to a six-month intraday low. @FT

More than one in two gold loan borrowers with good credit profiles taking another gold loan within 12 months. Repeat origination stood at 57% for loans up to ₹2.5 lakh, says @CIBIL_Official
#Gold loan borrowers now account for 21% of India's credit-active consumers, with the active borrower base reaching 5.5 crore as of August 2026
# Originations of gold loans above ₹2.5 lakh grew 19% YoY by volume, even as overall gold loan origination volumes declined 15% during the quarter ended June 2026
Finally, Gold loan delinquency declined from 2.0% to 1.4%, even as the borrower base expanded

BLUE TSUNAMI : New York Post
DEM-OLITION: Chicago Sun-Times
WAVE OF CHANGE: Dallas Morning News
NATIONAL PUNISHMENT: La Opinión
DON LIKE A DINNER: The Courier Mail (Australia)
MAGA TURNS ON TRUMP: Daily Mail (UK)
QUITE A SLAP: Le Journal de Montréal (Canada)
Donald Lame Duck Express
Trump & Team Beaten Blue: @EconomicTimes Times
TRUMPed; DON&OUT; OH, DONALD!; THE UN-PRESIDENTED SLIP: The Telegraph
Photo courtesy: Bloomberg

Will the scene change now for Asia’s worst performing currency #INR? @bsindia

Weaker dollar index and softer crude post US mid-term election results boost INR assets across board. 10 year Bond rallied and yield dropped to 7.19%, Rupee strengthened to 94.64 a $ and Nifty closed just below 24k.

. @RBI sets up Technical Consultative Committee for Financial Markets. Dy Gov Rohit Jain chairperson. Ananth Narayan, Shamsher Singh, Neeraj Gambhir, Shailendra Jhingan, Aditya Bagree, Nand Kishore & Ridham Desai members.

Wow: Democrats have won a majority in both the US House and Senate...

BREAKING NEWS
Democrats have clinched a majority in the US Senate as voters from Texas to Kansas and South Carolina delivered a powerful rebuke to Donald Trump’s Republicans. @FT

Activity growth ticks higher & cost pressures recede to lowest in over 6 years. @HSBC_IN Services PMI Business Activity Index 55.8 in October, above neutral mark of 50 & its long-run average -- strongest pace of growth for four months. It was 55.2 in September.
New business growth main driver behind the rise in output.

The World’s Most Popular Books: Rise & Fall (1970-2026) 📚

Budget Deficit: @CareEdge_Group Ratings expects FY27 fiscal deficit to exceed the budgeted amount by Rs 0.7-0.8 trillion, leading to a fiscal deficit-to-GDP of 4.3-4.5%. However, the Centre could use the Economic Stabilisation Fund (of Rs 1 trillion) to meet its fiscal deficit target.
CareEdge expects customs duties & #GST collections to remain supportive of gross tax collections exceeding budget estimates. However, lower excise duty collections are expected to weigh. IT collections too need to strengthen. Factoring all these, the rater pegs gross tax revenue shortfall of Rs 1 trillion in FY27.

How foreign investors withdrawing …. @EconomicTimes

Air pollution in Delhi severe

Oops…

The buyer is buying the bank. The bank is expected to buy the buyer's businesses. And the money from the second deal is part of the funding plan for the first. It is a remarkable way to finance a bank takeover.
Yet another story on @IDBI_Bank bank privatisation in @BWBusinessworld
businessworld.in/article/is-fai…

All gold loans are not glittering. What’s wrong and what needs to be fixed to make the sector shine. Time to bring down LTV? Latest #BankersTrust in @bsindia