AGP Executive Report
Last update: 11 hours agoRBI & FX: RBI Governor Sanjay Malhotra said the rupee may be undervalued and pledged to prevent disorderly moves after the MPC raised the repo rate 25 bps to 5.50%, with USD/INR around 96.57 and markets reacting to the shift to “calibrated tightening.” Equities & Rates: Indian stocks slid after the hike as crude rebounded and foreign selling continued; Europe also softened as oil and bond yields rose, with France’s bond stress back in focus. Crypto Risk-Off: Crypto broadly fell as macro pressure hit risk appetite; Bitcoin slipped toward $84k and Solana liquidity thinned, while Cardano’s CIP-0113 added programmable compliance rules. Banking & Payments: South Africa’s FNB launched crypto trading for nearly 9 million customers via VALR, while India’s RBI opened up Account Aggregator data sharing and flagged AI valuation risks. Trade & Corridors: Indonesia pushed a reciprocal trade deal with the US to boost supply chains, and Johor Port explored a Belawan–Johor maritime corridor with Pelindo to strengthen the Malaysia–Indonesia link. Corporate Finance: Bridgepoint lifted FY guidance; Pennon shares tumbled on a rights issue and dividend cut; Yinson priced a $1.458bn FPSO bond refinancing.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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