With weakening EM currencies, the Rupee is also bound to weaken. For now, the central banks across have become the currency manager and have insulated their currencies against the heat of the external environment by using the FX reserves and so did the RBI actively.
Bitcoin trades near $76K, Ethereum at $2,240 as tech selloff, strong US jobs data weigh on crypto markets
Bitcoin hovered near $76,000 and Ethereum around $2,240 as technology stock weakness, AI spending concerns and US crypto legislation uncertainty weighed on sentiment. Despite modest