The Indian equity benchmark indices, the Sensex, declined 0.31% to 77,339.01 points on Monday, closing 10.05% below its record high level hit on September 27. The Nifty fell 0.34%, its longest falling streak in more than 20 months.
India's foreign exchange reserves fell to $675.65 billion for the sixth week in a row, from a record high of $704 billion in late September.
DBS Bank estimated India's economic growth will moderate to 6.0% in 2025 and 2026, down from 8.2% in 2024.
Moody's Ratings projected the Indian economy to grow by 7.2% in 2024, driven by a gradual recovery in household spending and easing inflation pressures.
The National Association of Home Builders (NAHB) Housing Market Index climbed to 46.0 in November, the highest since April, from 43.0 in October, beating the estimate of 44.0.
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