KUALA LUMPUR, June 18 (Bernama) -- Bursa Malaysia’s key index finished marginally higher, supported by strong buying interest in consumer-related counters, amid mixed performance across regional markets. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose by 1.40 points, or 0.08 per cent, to 1,711.39 from Tuesday's close of 1,709.99. The key index opened 12.36 points firmer at 1,722.35 and moved between 1,711.31 and 1,722.63 throughout the session. Market breadth was negative, with losers leading gainers 678 to 493, while 549 counters were unchanged, 1,016 untraded and 34 suspended. Turnover increased to 4.50 billion units worth RM3.45 billion from 3.93 billion units worth RM3.45 billion on Tuesday.
India’s headline inflation eased to near record lows in September and could fall below 1% in October, according to Citi analysts Samiran Chakraborty and Baqar M Zaidi.
Despite ample room for policy easing, the Reserve Bank of India (RBI) is expected to stay on hold, with policymakers debating whether there’s a need to cut rates, not just room to do so.
Core CPI, however, rose to a two-year high, suggesting sticky price pressures in some segments.
Citi cut its FY inflation forecast to 2.3% from 2.9%, noting the RBI will likely monitor GDP and trade data ahead of its December meeting before considering any policy shift.
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