Citi India Nears $1 Billion Book of Asset Backed Securities

India's central bank Governor Sanjay Malhotra indicated that recent macroeconomic data supports a potential cut in the benchmark policy rate in December, which has led to a decrease in bond yields. This statement reflects the central bank's assessment of the current economic climate and its implications for monetary policy.

The Indian rupee has rebounded following intervention from the Reserve Bank of India (RBI), which stepped in to support the currency after a significant decline. This action comes after the RBI appeared to relax its firm defense of the rupee in recent weeks, leading to concerns about its stability.

Citigroup Inc.’s wealth chief has indicated that the ongoing equity bull market has potential for further growth, driven by record inflows from affluent clients this year. This optimism reflects a strong demand for investment opportunities among wealthy individuals, suggesting confidence in market conditions.

Leaders from India, Brazil, and South Africa convened in Johannesburg during the G20 summit to strengthen the trilateral IBSA forum, a move influenced by recent criticisms from former President Donald Trump. This gathering underscores a shift towards greater collaboration among these nations amidst geopolitical tensions.

Carlyle Group Inc. is launching a new India side fund with a target of $300 million, aimed at capitalizing on investment opportunities across various sectors, including technology and health care. This initiative will operate alongside the firm’s sixth pan-Asia investment vehicle, reflecting a strategic focus on the Indian market.

The global box office collections of 'De De Pyaar De 2' have fallen below expectations, while 'The Girlfriend' has experienced a significant increase in its box office performance. This contrast highlights the varying reception of these films in the Indian market.

India's online travel agencies (OTAs) are expected to experience growth driven by an increase in international travel and the expansion of non-air services. This trend indicates a shift in consumer preferences and travel patterns that could reshape the market landscape.