Emerging market carry trades gain momentum. Currency volatility decreases amid signs of easing US tariffs. An index of carry returns reached a seven-year high in late May. Asset managers increased long positions in developing-nation currencies. The Mexican peso saw a nine-month high. JPMorgan Chase’s gauge of global currency volatility dropped.
IndiGo shares snap 5-day losing streak to trade in green as airline responds to DGCA show-cause notice
IndiGo has formally responded to the DGCA’s notice concerning widespread flight cancellations and delays. The airline cited changes in pilot duty norms and minor technical