After the Reserve Bank of India widened hedging limits, the USD-INR forward premium fell.

Elon Musk has donated more than $276 million to Republican groups and super PACs since early July, making him the largest single donor in U.S. midterm history. He gave $158 million this summer to the Senate Leadership Fund to help defend the GOP Senate majority. Musk also contributed over $76 million to a super PAC he founded in 2024, America PAC, to build a large voter‑mobilization operation targeting hard‑to‑reach Republican voters. For the 2025–26 federal cycle he has donated about $366 million to federal committees, versus roughly $290 million in 2024, and has made additional undisclosed contributions, according to people familiar with the matter.

Domestic News: 1. The 2026 Financial Street Forum Annual Meeting will open on October 19th. Key officials from financial regulatory departments will attend and deliver keynote speeches. 2. He Lifeng meets with Apple Executive Chairman Tim Cook. 3. China Passenger Car Association (CPCA): Retail sales of new energy vehicles reached 1.084 million units in September, a year-on-year decrease of 16.7%. 4. Spokesperson for the Ministry of Commerce answers reporters' questions regarding the consensus reached in the China-EU consultations on hybrid and electric vehicles. 5. The Ministry of Foreign Affairs takes countermeasures against Belize's Minister of Foreign Affairs, Foreign Trade, Education, Culture, Science and Technology, Fonseca. 6. The Ministry of Foreign Affairs takes countermeasures against Paraguayan Minister of Communications and Technology, Villat. This decision will take effect on October 12, 2026. 7. Ministry of Finance: The VAT export rebate rate for new energy vehicles will be reduced from 13% to 9%, and VAT export rebates for products such as electronic cigarette devices will be cancelled. International News: 1. Two American economists will be awarded the 2026 Nobel Prize in Economics. 2. The Central Bank of Kazakhstan plans to reduce its gold holdings, lowering the proportion of its reserves by approximately three percentage points. 3. Foreign media: The US hopes to soften Russia's stance through the diesel fuel agreement; Putin demands complete control of Donbas. 4. Federal Reserve Chair Hamak stated that future interest rate hikes may still be necessary, but the timing is uncertain; she prefers a "smaller, more frequent" approach. 5. Middle East Situation— ① The Saudi Civil Aviation Authority extends the closure of Riyadh Airport until 21:00 UTC on October 17. ② Iranian Foreign Ministry Spokesperson Baghae: Tehran is still reviewing the US position and will respond through intermediaries after the review is complete.