Daily Recap: Business — 10 October 2026

Policymakers take center stage in today’s business news as central banks, governments and ratings agencies respond to pressure in currencies, trade and household incomes. The common thread is intervention: moves to stabilize markets, lock in commercial access and shore up confide...

India’s central bank opens a special dollar-supply window for three state-run oil marketing companies, a targeted step aimed at easing pressure on the rupee by meeting a major source of routine foreign-currency demand outside the open market. The facility starts October 12, 2026 and remains in place until the RBI decides market conditions no longer require it.

The Reserve Bank of India also tightens rules for rupee-linked foreign-exchange derivatives, narrowing the scope for rebooking cancelled contracts, cutting exposure limits for some trades without proven underlying need, and imposing added verification and reserve requirements. The changes are designed to keep forex trading orderly as market conditions remain sensitive.

India and the United States move closer to an interim trade agreement framework, with Commerce Minister Piyush Goyal saying the deal is being finalized to reflect changed circumstances. Most of the broader agreement is already settled, and the remaining work centers on technical and legal provisions tied to the preferential market access India wants to preserve.

Fitch revises Nigeria’s credit outlook to positive from stable while affirming the country’s long-term foreign-currency rating at B. The agency cites continued reforms, a stronger external position and growing confidence that policy momentum will hold through upcoming elections, a signal that investors may view Nigeria’s near-term sovereign trajectory more favorably.

Dangote Refinery raises the gantry price of diesel to ₦1,800 per litre, reversing part of a recent price cut just days after lowering it. The move underscores how quickly fuel pricing can shift in Nigeria’s energy market, with likely implications for transport, logistics and other diesel-dependent business costs.

Minimum wage workers in the Philippines’ CALABARZON region are set to receive higher pay starting October 26 under newly approved wage orders. More than 1.56 million workers are covered, with daily increases reaching as much as P45 depending on sector and location, lifting labor costs for employers while boosting take-home pay for low-wage households.

Several Canadian provinces and territories are pressing Ottawa to broaden a mining exploration tax credit so that more early-stage companies can qualify. The push focuses on firms still searching for viable deposits, with the goal of improving access to financing at a stage when projects are typically riskier and harder to fund.

Online sportsbooks roll out fresh new-user betting promotions tied to high-profile baseball, hockey and college football matchups. The offers, including bonus-bet deals triggered by small initial wagers, reflect the increasingly aggressive customer-acquisition tactics of legal sports-betting operators as they compete for attention around marquee games.