Later Tuesday, India is slated to unveil its first budget under Prime Minister Narendra Modi’s third five-year term.
India is slated to unveil its first budget under Prime Minister Narendra Modi's third five-year term.in June rose 2.5% year on year, compared to a 2.3% rise in May. Stocks of popular messaging app Kakao dropped 4.63%Later Tuesday, India is slated to unveil its first budget under Prime Minister Narendra Modi's third five-year term.
"While maintaining focus on capex, we think the government will use increased receipts to fund higher revenue spending, balancing economic and political needs," Barclays wrote in a recent note.Traders in Asia will also monitor Singapore's inflation data for June. According to economists polled by Reuters, the country's consumer price index is expected to climb 2.7% year-on-year. This compares to a 3.1% rise in May.
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