RBI Governor Sanjay Malhotra said India's $136 billion FCNR(B) foreign currency deposit drive generates net revenue, rejecting analyst estimates of $10.6 billion in five year hedging costs. RBI said returns from investing the funds in overseas government securities offset hedging, after inflows far exceeded its $35 billion to $55 billion forecast.

US core CPI rose 0.3% month over month in August, above the 0.2% forecast. The two year Treasury yield climbed to 4.61% and Bitcoin fell to 77,600 as markets repriced expectations for the Federal Reserve's next policy decision.

Albuquerque's City Council has approved an ordinance barring the installation of cryptocurrency ATMs within city limits and tightening rules around cashier-assisted virtual currency transactions, according to CoinDesk. Under the measure, operators and businesses that host the machines must remove existing units within 45 days of receiving official notice. The restrictions focus on physical crypto kiosks and related over-the-counter activity, while residents can still buy, hold, mine and transfer digital assets through online platforms and personal wallets. Councilmember Stephanie Telles, who sponsored the ordinance, said roughly 90% of crypto ATM transactions in Albuquerque are tied to fraud. She argued that legitimate users tend to avoid the machines due to high fees, while scammers favor the instant, anonymous and irreversible nature of kiosk transfers. Albuquerque's move follows a widening wave of similar actions at the state level. Indiana enacted a statewide ban in March, Tennessee followed in July, and Minnesota's prohibition took effect in August. Delaware is advancing related legislation, New Jersey is weighing comparable measures, and Texas lawmakers are considering whether to implement a ban. Texas authorities have reported $57 million in resident losses linked to kiosk scams. The expanding patchwork of local and state restrictions suggests U.S. oversight of crypto ATMs is shifting from case-by-case enforcement toward broader structural limits. The industry is already contracting. Bitcoin Depot, previously the largest crypto ATM operator in North America, filed for bankruptcy protection in May and removed about 9,700 kiosks. CEO Alex Holmes cited tighter transaction caps and outright bans in certain areas as major pressures on the business. Regulatory enforcement tied to fraud concerns is also intensifying. Last year, the Washington, D.C., attorney general sued Athena Bitcoin, alleging that 93% of deposits made over a five-month period across seven local machines involved proceeds from fraud, with a median victim age of 71. Athena has strongly disputed the claims. FBI data show nearly 11,000 complaints related to kiosk scams were filed in 2024, with losses exceeding $246 million. As more governments tighten rules, the operating room for offline crypto trading kiosks continues to shrink.

US consumer inflation accelerated in August, with underlying price pressures coming in hotter than economists had projected. The Consumer Price Index rose 0.4% month over month on a seasonally adjusted basis, the Bureau of Labor Statistics said Sept. 11, 2026, matching the Dow Jones consensus for the headline figure. Core CPI—excluding food and energy—advanced 0.3%, above forecasts for a 0.2% gain. On a year-over-year basis, headline CPI was 3.4% and core inflation stood at 2.4%. Core inflation eased slightly from July's 2.5% annual rate, but the firmer monthly print raises questions about whether the disinflation trend the Federal Reserve has been counting on is starting to cool off. Energy drove much of August's move. Energy prices climbed 2.1% on the month, led by a 3.9% jump in gasoline. Gasoline alone contributed more than one-third of the overall headline increase. Food prices were little changed, up 0.1% month over month. Shelter costs—one of the most closely watched and persistent components—continued to edge higher at a moderate pace. Ahead of the release, FactSet's median estimate called for 3.3% year-over-year headline CPI and 2.4% core CPI. The headline reading exceeded that projection by 0.1 percentage point. July's headline CPI had risen a subdued 0.1% month over month. The report arrives at a sensitive moment for policy. The Federal Open Market Committee meets next week, and this is among the last major data releases officials will review before deciding on interest rates. Shelter inflation remains a key sticking point. While real-time rent measures have signaled cooling for months, the BLS approach reflects those shifts with a meaningful lag. Energy adds uncertainty as well. Gasoline prices are volatile and can swing with refinery maintenance, geopolitical supply risks, and seasonal demand. August's 3.9% surge could reverse as soon as September.

Odaily Planet Daily reported that fresh U.S. inflation data has pushed traders to ramp up expectations for a Federal Reserve rate increase at next week's policy meeting. The U.S. Bureau of Labor Statistics said core CPI rose 0.3% month over month in August, topping economists' 0.2% forecast. Market pricing now implies roughly an 85% probability of a 25-basis-point hike at the Sept. 15–16 meeting, up from about 70% before the data release.

US consumer inflation held steady in August, with the consumer price index rising 3.4% from a year earlier—unchanged from July and in line with economists' expectations. The Bureau of Labor Statistics published the report on September 11, giving Federal Reserve officials their final inflation readout before the September 15–16 policy meeting. Prices rose 0.4% from July, the fastest monthly gain in three months. Gasoline was the main driver: pump prices jumped 3.9% and accounted for more than a third of the overall increase. Energy costs more broadly rose 2.1% on the month. Core CPI, which excludes food and energy, increased 0.3% month over month. On a year-over-year basis, core inflation eased to 2.4% from 2.5% in July. Producer prices added to concerns over underlying price pressures. The producer price index released a day earlier showed wholesale prices up 0.4% on the month in August and 5.4% from a year ago. The mix of sticky consumer inflation and elevated producer prices sets a challenging backdrop for the Fed's September meeting. The central bank has kept its policy rate in a 3.50% to 3.75% range since December 2025, with investors focused on whether officials opt for another quarter-point move. Market pricing suggests they might: futures imply about a 70% probability of a 25-basis-point increase at the upcoming meeting. Inflation has now run above the Fed's 2% target for more than five consecutive years, sustained by persistently high shelter costs and recurring energy-market disruptions linked to geopolitical instability. After June's CPI printed at 3.5% and July slipped to 3.4%, August remained at 3.4%. A 25-basis-point hike would lift the policy rate to a 3.75% to 4.00% range.

ChainCatcher reported that Nick Timiraos—often dubbed "the Fed's messenger"—said the August CPI showed core services inflation excluding housing rose 0.51% month over month, the fastest pace since January, and was up 3% year over year. Core goods inflation increased 0.11% month over month and 0.7% year over year. Housing inflation rose 0.26% month over month and 3% year over year.

BlockBeats reports that U.S. inflation picked up in August as gasoline prices rebounded after two straight monthly declines, reinforcing market expectations that the Federal Reserve could raise interest rates next week. The Labor Department's Bureau of Labor Statistics said Friday that the Consumer Price Index rose 0.4% in August, following a 0.1% gain in July. On a 12-month basis through August, CPI increased 3.4%, unchanged from July. Core CPI, which excludes food and energy, rose 0.3% on a seasonally adjusted basis, above the 0.2% consensus forecast. Thursday's data also showed the Producer Price Index accelerating in August, with several PCE-relevant components posting strong gains. Together with last week's robust August jobs report, the figures have fueled expectations of a rate hike at next week's Fed meeting. After the CPI release, markets priced in roughly a 90% probability of a Fed rate increase next week. Some economists argue price pressures could remain sticky as import tariffs recently imposed on Canada—one of the United States' largest trading partners—feed through to costs. Rising living costs, especially for gasoline and food, have increased public discontent. Trump's approval rating has dropped sharply, raising the risk that Republicans could lose control of the U.S. Congress in the November midterm elections. Fed Chair Jerome Powell said last month that if policymakers do not gain enough confidence that inflation is returning to the 2% target, the Fed still “has work to do.”

China is moving to bolster its state financial system with a new capital injection program totaling 360 billion yuan (about $54 billion), backed by 300 billion yuan in special treasury bonds to be issued by the Ministry of Finance. A key shift in the latest round is that the recapitalization framework will, for the first time, cover insurers as well as banks. Five major state-owned insurance groups are slated to receive a combined 70 billion yuan ($10.4 billion), underscoring Beijing's view that the insurance sector has become systemically important and merits a policy backstop similar to the one used for state-owned banks since 2025. China Life Insurance (Group) Co is set to be the largest beneficiary among insurers, receiving 35 billion yuan directly from the Ministry of Finance. The People's Insurance Company (Group) of China (PICC) may raise up to 15 billion yuan via an A-share placement to the Ministry of Finance. Sinosure, the state export credit insurer, is expected to receive 10 billion yuan. China Taiping Insurance Group and China Reinsurance (Group) Corp will share the remaining amount. The 70 billion yuan earmarked for insurers is below what some analysts had expected, partly because the sector is not currently showing signs of distress. The industry's solvency adequacy ratio was 180.6% in the first half of 2026, comfortably above regulatory minimums. The move is being framed as precautionary support rather than a rescue. Two pressures are weighing on insurers. Persistently low long-term government bond yields are squeezing returns on large fixed-income portfolios, while tighter solvency rules introduced in 2026 have raised capital requirements relative to risk exposure. The policy focus is to reinforce core Tier 1 capital—the highest-quality capital on insurers' balance sheets—before external conditions force more urgent measures. Market watchers also see a potential knock-on effect for equities. Estimates suggest the recapitalization could allow commercial insurers to add roughly 100 billion yuan of equity exposure, excluding Sinosure, as stronger capital buffers provide more headroom under solvency limits. Initial stock-market response was muted, with insurance shares coming under pressure on dilution concerns. The funding structure is also drawing attention. The 300 billion yuan in special treasury bonds sits outside standard budget deficit calculations, offering fiscal flexibility without officially expanding the headline deficit.