From a high of 7.62% in mid-June, yield on the Indian 10-year bond declined to 7.19% at the end of August. Following its off-cycle repo rate increase of 40 basis points in May, the Reserve Bank of India (RBI) hiked the policy rate by 50 bps each in June and August.
Memory stocks face headwinds as ‘smart money’ walks out
Memory stocks showed initial promise but are now faltering, weighed down by anxiety surrounding the artificial intelligence market. Sandisk and Western Digital reported declines, while