Singapore Manufacturing PMI: 50.5 (March) vs previous 50.6

Apr 2, 2026

INR: RBI Clamps down on NDFs as structural headwinds persist – Societe Generale

Societe Generale analysts note the RBI has barred banks from offering INR NDFs to residents and non-residents to curb speculation, but they argue Rupee headwinds remain structural, tied to FPI outflows, Oil shock dynamics and slowing domestic growth, with 10-year yields seen heading toward 7.20–7.25

GBP/JPY Price Forecast: Holds in a tight range between 50-day and 100-day SMAs

GBP/JPY trades with a mild downside bias on Thursday, though it lacks strong follow-through selling and trims part of its intraday losses as markets remain volatile.