India's newly minted monetary policy committee delivered a surprise 25-basis-point cut in the repo rate on Tuesday to 6.25 percent, as Reserve Bank of India Governor Urjit Patel presided over his first policy review since his appointment last month.
Total U.S. industry sales are heading for about a 1.5% decline in September compared with the same month a year ago even though automakers tried to keep the sales momentum going with higher incentives.
The December contract for global crude benchmark Brent was down 0.94% at $50.40 a barrel while November deliveries of its U.S. counterpart West Texas Intermediate fell 0.88% to $48.38.
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