Indian indices have seen a broad-based selloff in the last few days due to a multitude of factors ranging from US President Donald Trump’s tariffs on imports, foreign portfolio selling in India, weaker third-quarter earnings and a dollar rally.
Yen weakens after intervention-led surge ahead of BOJ policy decision
The Japanese yen faced renewed pressure after Tokyo intervened in currency markets. The dollar gained as traders questioned the US Federal Reserve’s inflation stance. Japan