Japanese stocks declined by over 1% and bond yields rose in anticipation of the Bank of Japan’s interest rate decision. Meanwhile, tech stocks experienced a downturn, and Nvidia’s market value plummeted. Oil prices increased following a report on US crude stockpile drawdowns. Market watchers also looked ahead to potential Fed rate cuts predicted by Goldman Sachs for later this year.
Sebi relaxes re-KYC process for NRIs; removes physical presence clause
Markets regulator Sebi on Wednesday eased the re-KYC process for Non-Resident Indians (NRIs) by removing the requirement for them to be physically present in India