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Stock impact report

Bonds May Gain on Rate-Cut Bets After India Names New RBI Chief [Yahoo! Finance]

Shinhan Financial Group Co Ltd American Depositary Shares (SHG) 
US:NYSE Investor Relations: shinhangroup.co.kr/en/invest/main.jsp
Company Research Source: Yahoo! Finance
Most Read from Bloomberg Brace for a Nationwide Shuffle of Corporate Headquarters A Chicago Skyscraper Cements the Legacy of a Visionary Postmodern Architect Cloud Computing Tax Threatens Chicago's Silicon Valley Ambitions NYC's Run-Down Bus Terminal Gets Approval for $10 Billion Revamp Kansas City Looks Back on its Long, Costly Ride With Microtransit Malhotra, a surprise pick, will take charge from Shaktikanta Das who was seen as hawkish. The central bank is expected to reduce the repurchase rate as soon as February, with some analysts even predicting an earlier cut through an off-cycle meeting. Sovereign rupee bonds have handed dollar-based investors an 8% gain this year and will likely rise further on monetary easing bets. Analysts also expect the rupee to weaken steadily amid a strong US dollar and weaker Asian currencies. The local currency set a new record low this month. Here's what analysts have to say: Sonal Varma, chief economist for India and Asia ex Japa Show less Read more
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