The dollar weakened due to tame U.S. inflation data, increasing expectations of a Federal Reserve rate cut next month. President Trump’s attempts to influence the Fed further undermined the currency. While investors are pricing in a high probability of a rate cut, some analysts advise caution, awaiting further economic data to solidify the outlook.
Sebi relaxes re-KYC process for NRIs; removes physical presence clause
Markets regulator Sebi on Wednesday eased the re-KYC process for Non-Resident Indians (NRIs) by removing the requirement for them to be physically present in India