India's foreign exchange reserves rose to $719.55 bln in the week to Nov. 6, up $2.49 bln from the previous week.

Fed Governor BARR warned rapid AI adoption may exacerbate inequality in the short term and urged policymakers to prepare for potential severe labor-market shocks. He said the scale and duration of AI’s impact will depend on regulatory safeguards established now. BARR cautioned that market power concentrated in a few AI firms could amplify inequality—boosting executives’ and shareholders’ wealth while smaller firms lose market share. He said most firms and their employees may not fully access continuously improving AI resources, reducing labor income share, raising market concentration and widening inequality. He did not address monetary policy or provide an economic outlook in his Yale speech.

Mexico's central bank deputy governor said the recent cut to the key policy rate is "confusing and sends the wrong signal" because inf is trending higher.