The dollar faced pressure, nearing a weekly decline as Trump’s Fed nominee fueled expectations of a dovish replacement for Powell. Sterling held gains after a divided Bank of England rate cut. Meanwhile, the euro gained ground amid optimism surrounding potential U.S.-Russia talks, influencing currency markets as investors monitor geopolitical developments.
Jio IPO bids hit 70,000 crore on day 1; outpaces NSE, LIC, GIC issues
The initial public offering of Jio Platforms has attracted impressive attention, with an oversubscription of 3.16 times. Institutional investors were particularly keen, subscribing at a
October 22, 2026