November, slowing from the 6.21% high logged in November. The latest number is also lower than the 5.53% expected by economists polled by Reuters and comes as the RBI held rates at 6.5% during its monetary policy meeting last week. Indian outbound travel expected to soar in the next decade. Indian travelers spent $34.2 billion on outbound travel in 2023, according to the World Travel & Tourism Council. However, lan Watts, Hilton’s Asia-Pacific president, considers the current level “miniscule” compared to what’s to come. “The story for India is before us,” he said, adding that “India outbound will be the story of the next decade.” What happened in the markets? Indian stocks have inched lower this week. The Nifty 50 index has fallen by 0.5% so far this week to 24,548.7 points. The index has risen 13% this year. The benchmark 10-year Indian government bond yield has remained flat at 6.73% mark compared to last week.