Huang, formerly one of the largest beneficiaries of the AI stock surge, has seen his wealth decline by $17.7 billion this year as Nvidia’s stock has fallen 18% since January. His current net worth is $96.7 billion, placing him 16th on Bloomberg’s Billionaires list.
RBI net forex buys hit a record $43 billion in August, balances it with swaps
The Reserve Bank of India recorded a net purchase of $43.26 billion in August’s foreign exchange market. This was done to manage significant dollar inflows