Asian stocks mixed after tame US CPI; dollar steady

Australian equities pared early declines while mainland China and Hong Kong shares whipsawed after the opening bell. US equity futures gained ground after the S&P 500 eroded an early advance to close flat, while the Nasdaq 100 added 0.2%. The Kospi Index in South Korea traded slightly higher.

RBI seems to have managed household expectations well

The Reserve Bank of India’s bi-monthly inflation expectations survey showed a moderation in inflation over both three- and 12-month horizons, raising expectations inflation has peaked, despite rising food prices. RBI repo rate has remained unchanged at 6.5% for three consecutive policies with consumer price inflation on target, but economists continue to warn that the impact […]

After laptops, cameras and printers could also face import curbs

Separately, the government is also said to be reviewing other high-import products such as urea, antibiotics, turbo-jets, lithium-ion accumulators, refined copper, machines and mechanical appliances, solar and photovoltaic cells, aluminium scrap, sunflower seed oil, and cashew nuts.