Australian, Japanese and South Korean shares slumped. Equity-index futures for the S&P 500 and the tech-heavy Nasdaq 100 slipped in early Asian trading, extending a decline on Monday as Wall Street tempered bullish views while demand for recession havens boosted sovereign bonds. Treasuries advanced while a gauge of the dollar slipped.
RBI’s strong dividend to govt boosted by USD sales, interest income: SBI report
The Reserve Bank of India’s record dividend payout of nearly Rs 2.7 trillion to the government has been made possible due to robust gross dollar