• Indian rupee staged a recovery on the last trading day of the week after falling to its all-time low level
of 65.58 against the dollar yesterday.
• According to rating agency Fitch, India and Indonesia could see their credit ratings lowered if their
governments fail to halt the current slump in investor confidence towards.
• The US 10 year treasury yields have risen by more than 100 bps since May and are in sight of 3 percent
for the first time in two years as investors saw a fed pullback on bond buying as soon as next month.