Indian Rupee: Strong GDP underpins higher INR yields – MUFG

MUFG’s Michael Wan highlights India’s strong GDP data, with Q1 FY2026-27 growth at 7.8% year-on-year versus 7.1% consensus. Resilient domestic demand, robust credit growth and supportive fiscal policy underpin his view that Indian rates are likely to grind higher.
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Brazil Gross Domestic Product (QoQ) came in at 0.5%, above expectations (0.4%) in 2Q

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