Wall Street stocks saw mixed trading as Nvidia and other AI-related companies declined on valuation concerns, amplified by SoftBank’s $5.8 billion Nvidia share sale. Markets also monitored the potential end to the longest U.S. government shutdown, though private payroll data showed job losses, adding to investor jitters.
Lenders may turn to OFCB route to raise more funds abroad
Indian banks are now shifting focus towards borrowing in overseas foreign currencies to meet their fundraising requirements. This strategic pivot comes in light of an