Indian shares hit record highs on Friday, boosted by financials and energy stocks, as more states lifted pandemic restrictions and U.S. inflation data allayed investors' worries.
Russia's central bank increased its key interest rate to 5.5% on Friday, increasing the cost of lending for the third time this year due to rising inflation and said more hikes would be needed.
Copious budget spending in the euro zone is finally generating a sustainable rise in inflation but more flexible fiscal rules will be needed for years as monetary policy remains constrained, European Central Bank policymaker Klaas Knot said on Friday.