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Global

• Germany’s annual inflation rate eased to 2.8% in October, down from a near three-year high of 3.3% in September, confirmed initial estimates.

• China's total vehicle sales dropped 9.2% y-o-y to 3 million units in October, following an 8.4% fall in September, according to the China Association of Automobile Manufacturers.

• Average rate on a 30-year fixed US mortgage fell 9 basis points to 7.21% in the week ending November 6, marking a fourth consecutive weekly decline and providing some relief to the struggling housing market.

Domestic

• Union Cabinet approved Nutrient Based Subsidy rates for phosphatic and potassic (P&K) fertilisers for the Rabi season 2026-27, with a tentative budgetary requirement of Rs 62,370 crore.

• Government prohibited exports of lithium-ion battery black mass, tightening control over a source of critical mineral as it seeks to build domestic recycling capacity and reduce dependence on imports for the country’s electric vehicle and battery manufacturing industries.

• Centre’s net direct tax collections rose 11.8% y-o-y to Rs 14.4 trillion as of November 10 FY27, as a sharp increase in refunds moderated the growth in net receipts despite healthy growth in gross collection, provisional data showed.

Global Indicators

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