- Foreign investors have withdrawn more than $1.5 billion from Indian equities so far in November, adding to the $11 billion outflow in October.
- Benchmark Indian equity indexes Nifty 50 and BSE Sensex ended down by 0.2% and 0.1% on Friday, respectively, marking the fifth weekly decline in six weeks. The Nifty is down 8.1% from its record high in late September.
- The Indian CPI inflation is expected to rise to 5.80% YoY in October from 5.49% in September.
- The preliminary University of Michigan's Consumer Sentiment Index improved to 73.0 in November from 70.5 in October, better than the market expectation of 71.0. This figure is the highest in seven months.
- Minneapolis Fed President Neel Kashkari said the US economy has remained remarkably strong as the Fed progressed in beating back inflation, but the US central bank was still “not all the way home,” per Bloomberg.
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