News & Impact on India

1. India tops Russian oil imports via shadow fleet India imported 5.4 MT Russian crude via 30 falsely flagged ships. Impact: Short-term positive—cheaper crude supports margins; medium-term risk of US/EU scrutiny; refiners may face higher compliance/insurance checks. 2. ₹7,360 trillion green investment opportunity by 2047 (CEEW) Massive long-term capex potential across 36 green value chains. Impact: Boosts renewables, EVs, hydrogen; attracts global climate capital; creates high-skill jobs; benefits utilities, materials, automation. 3. FIMMDA proposes SORR-based OIS Shift from MIBOR to secured overnight rate. Impact: Modernises benchmarks; improves transparency and hedging efficiency; strengthens bond and money markets. 4. House Price Index growth slows to 2.2% RBI HPI softens from 7% last year. Impact: Better affordability; stable real estate credit risk; indicates balanced housing demand. 5. China industrial profits slow to 1.9% Private firms weaken sharply. Impact: Soft global demand may hit Indian exporters; risk of Chinese dumping; long-term opportunity as supply chains diversify to India. 6. China Vanke bonds collapse to record lows Repayment delay raises concerns in China real estate. Impact: Limited direct impact on India; could redirect global flows toward India; softer Chinese demand may ease metal/raw material prices. 7. Bank of Korea holds rates Policy steady at 2.50%. Impact: Supports Asian FX stability and EM flows into India. 8. Moody’s downgrades Brazil’s Raízen Large energy firm cut to junk. Impact: Minimal direct spillover; possible global sugar tightening supports Indian sugar prices. 9. BOJ signals hike but no timeline Dovish tone continues. Impact: Global liquidity remains supportive for EMs including India. 10. Asia-Pac markets flat on US holiday Muted trading due to Thanksgiving. Impact: Expect soft opening and low volatility in India till US markets return.