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Federal Reserve Governor Christopher Waller said on Tuesday the latest round of economic data gives the U.S. central bank space to see if it needs to raise interest rates again and that he saw nothing that would force a move toward boosting the cost of short-term borrowing again.

The U.S. dollar rose to a near six-month high against a basket of currencies in the last session, while benchmark 10-year bond yields reached their highest level in over a week, dampening appetite for bullion.

The yield on the benchmark U.S. 10-year Treasury note rose 9 basis points to 4.26% after reaching 4.268%, its highest since Aug. 25, while the U.S. dollar rose to a near six-month high against a basket of currencies.

While recent inflation is driven mostly by higher import costs, the increase in prices prodded many companies to hike pay to compensate employees for rising living costs, he said, adding that such wage increases could continue into next year.

If the Securities and Exchange Board of India had hoped that its action would produce a chilling effect across the country’s fast-growing horde of unregulated financial influencers, that didn’t happen.

Stocks that were in focus included names like IEX, which rose 0.66%, SpiceJet, which gained 6.33%, and Devyani International, whose shares jumped 8.44% on Tuesday.

The Nifty Smallcap 100 index touched an all-time high of 12,701 on Tuesday. The Nifty Midcap 100 index breached the 40,000 mark for the first time.

One of the options under consideration is placing shares with investors through the qualified institution placement (QIP) route, the people cited above said.

​China’s market cap rose 67% to $9.8 trillion in the past five years, but the Shanghai Composite Index gained just over 15% during the period.

The CBI has arrested an Executive Director of GAIL in connection with the alleged Rs 50 lakh bribery case in which money changed hands to favour some contractors in the gas pipeline projects.