European stock markets closed lower on Friday. This followed cautious remarks from U.S. Federal Reserve officials. Investors had hoped for an interest rate cut. Technology stocks faced selling pressure. However, the STOXX 600 index achieved its best weekly gain since September. Richemont and Siemens Energy saw gains. UK’s FTSE 100 also declined.
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