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According to Bank of America Securities experts, inflation may hold the solution tothegapbetweenincreasing loan growth and corporate capital investment. While the base effect may have had arole, they believe that increasing prices were the most significant driver.

According to government and trade sources, India is considering raising palm oil import duties aspart of measures by the world's largest vegetable oil importer to assist millions of farmers affectedby reduced oilseed prices.

The United States may enter a recession next year, but inflation can be controlled withoutinflicting too much economic suffering, according to Goldman Sachs Chief Executive Officer DavidSolomon in a news conference.

For the first time in four days, the benchmark 10-year yield in the United States decreased. Theirmost recent price was 3.9901%.

According to Atlanta Fed President Raphael Bostic, the labor market in the United States is stilladjusting to new wage and occupation trends that arose as a result of the pandemic, as majorenterprises boost wages and attract employees away from lower-paying occupations.

According to a Reuters poll, the European Central Bank will seek another 75 basis point hike indeposit and refinancing rates when it meets on Oct. 27 in order to manage inflation, which is nowrunning at five times its objective.

OUTLOOK - USDINR

With both the initial objectives of 82.2 and 82 having achieved yesterday, USDINR pulledback to the 82.4 vicinity, reverting to the neutral bias that had prevailed all through lastweek. Momentum favours upsides though, with prospects of spikes to 82.50 or 82.63, onceabove 82.43.

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