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On August 12th, Indias inflation remained largely stable in July, continuing within the Reserve Bank of Indias (RBI) target range of 2%-6%, further solidifying market expectations that policymakers will maintain interest rates unchanged for some time. Indias Consumer Price Index (CPI) rose 4.45% year-on-year in July, in line with market expectations. In June, the figure exceeded the RBIs 4% target level for the first time in 17 months. This data reinforced the RBIs decision to maintain interest rates at 5.25% for the fourth consecutive meeting, shifting market focus to whether price pressures can remain under control. Policymakers have previously emphasized the need for a clearer understanding of inflation trends and their components before taking action. Julys inflation remained within the RBIs tolerance range for the seventh consecutive month. ANZ economist Dhiraj Nim stated that the inflation data "should not worry policymakers" as it was largely in line with expectations. He noted that while price pressures outside of food and fuel are accumulating, they are not rising "out of control."On August 12th, the Emergency Command Center, established by decree of the Mongolian Prime Minister to increase fuel supply and security, held its regular meeting. The Command Center announced that measures implemented to increase fuel accessibility and alleviate the burden on gas stations will cease on August 15th. Specifically, the regulations limiting fuel purchases to 50,000 tugriks per vehicle and the rule of refueling based on the odd or even last digit of the license plate will end this Saturday. Additionally, 1,200 tons of AI-92 gasoline will arrive in Ulaanbaatar before this evening and are being urgently distributed to gas stations.On August 12th, Tailg Electric Vehicles issued a statement regarding a media report that a consumer in Nanchang complained about a malfunction in a Tailg electric vehicle equipped with a "Changxin" brand battery. The company took the matter very seriously and immediately established a special task force to investigate. The investigation revealed that the "Changxin" brand battery mentioned in the report was a counterfeit Tailg original battery sold by Honghao Electric Vehicle Store in Wanli District, Nanchang City, and was produced without authorization by the store. This "Changxin" brand battery was manufactured by Jiangxi Chunxing New Energy Co., Ltd., with which Tailg has no cooperation and has not been authorized by Tailg. The "Changxin" brand batteries produced by this company are not original equipment batteries from Tailg. Tailg stated in its statement that it currently only authorizes Chaowei and Tianneng to use the Tailg logo to produce lead-acid batteries.On August 12th, China Resources Land (01109.HK) announced that for the month ended July 31, 2026, the Company and its subsidiaries achieved total contracted sales of approximately RMB14.1 billion and total contracted sales area of approximately 410,000 square meters, representing year-on-year growth of 6.0% and a decrease of 11.0%, respectively. For the first seven months of 2026, cumulative contracted sales amounted to approximately RMB130.6 billion, with a total contracted sales area of approximately 3.573 million square meters, representing year-on-year growth of 5.7% and a decrease of 22.0%, respectively. In July 2026, the Groups recurring revenue was approximately RMB4.41 billion, representing year-on-year growth of 5.6%, of which rental income from operating real estate rental business was approximately RMB2.86 billion, representing year-on-year growth of 6.6%. The company’s cumulative recurring revenue for the first seven months of 2026 was approximately RMB 30.88 billion, representing a year-on-year increase of 7.3%. Of this, rental income from operating real estate rental business was approximately RMB 20.73 billion, representing a year-on-year increase of 11.7%.The mayor of Novorossiysk, Russia, declared a state of emergency, stating that the attacks in Ukraine had damaged educational facilities.

Indian Exchange Volumes Benefiting from Bitcoin Price Drop

Cory Russell

May 12, 2022 10:09

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Bitcoin's anticipated fall from grace in recent days was a phenomenon that surprised investors and dealers. However, this was a happy moment for Indian crypto exchange operators, as trading volumes increased dramatically once BTC's price retested the lower $29,000 zone.

Indian Stock Exchange Volumes Increase

Following a dry period, trade volumes on Indian crypto platforms increased. For the most of this year, Bitcoin and other altcoins experienced a range bound price movement, and Indian crypto exchange volumes were similarly modest.


As bitcoin's price fell by more than 56% from its all-time high of $69,000 in November 2021, transaction volumes increased throughout marketplaces as a result of the selling pressure.


According to accounts from local news organizations, the increase in volumes in India was enormous and lasted almost two days. Trade volumes on crypto trading platforms including WazirX, CoinDCX, and Unocoin increased by 20 to 75 percent.


"Overall volumes increased by 70% between May 8 and 9," stated Nischal Shetty, Co-founder and CEO of WazirX, in an interview. In terms of trading, there is a mood of 'buying the drop,' as buyers have been somewhat controlling the market."


He went on to say that such purchasing activity shows that investor confidence in the market is still high, even at current levels.

India's Web3 Developments Increasing My Pace

According to a recent research, the number of Web3 developers reporting their locations climbed the highest in India and Russia, respectively, increasing to 5.3 percent and 4.3 percent of the market share. The United States, on the other hand, has lost over 20% of its market share since 2015.


With the emergence of Web3 and blockchain development in the Indian subcontinent, an increase in trading volumes amid a wider market fall indicates market players' trust. This meant that Indians succumbed to the "buy the dip" mentality.


"Volatility usually leads to a rise in volume on platforms like ours," said Minal Thukral, Executive Vice President, Growth and Strategy at CoinDCX. We're witnessing an increase in the number of people purchasing the dip and a decrease in the number of users selling it."


However, since the new tax policy took effect on April 1, trade volumes on Indian crypto exchanges have decreased. However, it seems that Indians are increasingly taking greater risks, indicating a growing interest in hazardous asset investments in the country.

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