Reserve Bank of India to Review Interest Rate

This week will be pivotal for global economic indicators, particularly in the U.S. with significant employment data expected including payrolls, ISM indices, and consumer surveys, which could influence the Federal Reserve's monetary policy decisions. Deutsche Bank anticipates a payroll increase of 215,000, while the unemployment rate is expected to hold at 4.1%. In India, the Reserve Bank's Monetary Policy Committee is set to meet from December 4-6, with expectations to maintain the repo rate at 6.5% due to high inflation rates exceeding the bank's target range. Economic growth in India has also shown signs of weakness, with GDP growth slowing to 5.4%. Meanwhile, Australia will release its Q3 GDP data, and various Asian countries are set to announce their PMI and CPI figures. Attention will also be on Fed Chair Jerome Powell's speech for insights into U.S. monetary policy direction.