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To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_11222018.pdf If you would like to receive this newsletter via email, please register at: https://forms.thomsonreuters.com/india-morning/ LIVECHAT - BONDS UPDATE Reuters interest rate reporter Dhara Ranasinghe delves into government bond markets, at 1700 IST. To join the conversation, click on the link: https://forms.thomsonreuters.com/communities/ INDIA TOP NEWS • Dr. Reddy's shares spike after favourable generic drug ruling Shares of drugmaker Dr. Reddy's Laboratories jumped on Wednesday, their sharpest intraday gain in a year, after a U.S. court allowed the company to sell a copycat version of Indivior's opioid treatment Suboxone Film.
• WhatsApp hires Ezetap's Bose to be its India head Facebook-owned WhatsApp said on Wednesday it had hired Abhijit Bose, the co-founder and chief executive of Indian mobile payments firm Ezetap, to be the head of its operations in India, its biggest market by users.
GLOBAL TOP NEWS • Trump praises Saudi Arabia amid pressure over ally U.S. President Donald Trump on Wednesday praised Saudi Arabia for helping to lower oil prices as pressure intensified for the United States to impose tougher sanctions on its Middle East ally over dissident Saudi journalist Jamal Khashoggi's murder.
• Japan inflation lacks momentum, keeps BOJ's target elusive Japan's annual core consumer inflation was unchanged in October from the previous month as soft household spending kept firms from hiking prices, a sign the economy lacks the momentum needed to achieve the central bank's 2 percent target.
• Prosecutors weigh competing accounts in JD.com CEO rape allegation On the night of Aug. 30, a 21-year-old University of Minnesota student said she was in a chauffeured black car, trying to keep billionaire JD.com Chief Executive Richard Liu from pulling off her clothes.
LOCAL MARKETS OUTLOOK (As reported by NewsRise) • SGX Nifty nearest-month futures were trading little changed at 10,622.00.
• The Indian rupee is expected to open higher against the dollar as Brent crude slips to near its lowest in almost a year. The rupee will likely trade around 71.15-71.20 at opening versus its previous close of 71.45, according to a private bank dealer.
• Indian government bonds are likely to open higher, as another fall in crude oil prices eased rate hike fears, while the central bank’s open market purchase of notes is also expected to aid. The yield on the benchmark 7.17 percent 2028 bond is likely to trade in a 7.72 percent-7.78 percent band today.