Tokyo Electron: AI is expected to start contributing to earnings from the next fiscal year.

Gazprom: will continue to deliver gas to Europe via Ukraine, with a volume of 42.4 million cubic meters on Thursday.

Indian Finance Minister Sitharaman: The Indian economy will grow by 6.5% in fiscal year 2024.

The price of base electricity for next-day delivery in France rose by 7.2% to €100/MWh.

[India central bank: Liquidity pressure may appear in the next few months] The Indian central bank said that even in the presence of excess liquidity, there may still be liquidity pressure in the next few months, especially when the liquidity in the system is Locked when taxes are paid or present when taxes are paid. This usually happens when the advance payment of direct tax or Goods and Services Tax (GST) is due on the 20th of each month. We have seen in the past that although there will be a few days of stress, the funds will then be put back into the system as government spending guarantees the return of funds. So these are temporary times of stress.

Reserve Bank of India: The central bank will ensure that there is sufficient liquidity in the system to meet the credit needs of the economy. Internal assessments indicate that the banking system will still have sufficient liquidity to maintain lending activities as it has been. Changes in liquidity conditions may be driven by overall excess influence and other factors.

RBI: RBI has taken some measures to deal with excess liquidity. The purpose of increasing the cash reserve ratio is to maintain the interests of price stability and financial stability, and it will also have an impact on inflation. The increase in the cash reserve ratio is a purely temporary measure and will be reviewed on or before September 8.

RBI: In this case, we need to be vigilant and not overreact. If abnormalities in CPI inflation, especially food inflation, show signs of generalization, we may need to take action and implement specific policy measures.

RBI: Monetary policy has made notable progress in achieving price stability. The recent rise in CPI inflation has been caused by well-documented factors, and past trends suggest that such rises in inflation are expected to be short-lived.

USD/CAD fell below 1.34 against the Canadian dollar, down 0.13% on the day.

Natural gas prices in Europe rose as much as 6.6%, after rising 28% on Wednesday.

Japanese Prime Minister Fumio Kishida: The timetable for cabinet reshuffle has not yet been decided.

WTI crude oil stood at $84/barrel, up 0.35% on the day.

Allianz CFO: Inflation is expected to be lower next year than in 2022.

After the RBI policy decision, the overnight indexed swap rate (OIS) fell by 4 basis points to 6.81% for one-year OIS and 6.44% for five-year OIS.

Executive of Japanese oil company ENEOS: We do not expect the increase in gasoline and other fuel prices to have a significant impact on our earnings this year.

Japanese oil company ENEOS executive: Not sure if a possible strike at Australian LNG facilities will have any major impact.

Ministry of Economy, Trade and Industry of Japan: Japan will end the IEA-led reduction of private oil reserve restrictions on April 30, 2024.

Japan Meteorological Agency: There is a 90% chance that the El Niño phenomenon will continue into winter.

RBI Governor: RBI plans to develop mechanism for rate reset on floating rate loans.