Wall Street stocks closed mixed as investors awaited Nvidia’s earnings and worried about potential delays in Federal Reserve interest rate cuts. Concerns over inflation and the valuation of AI stocks contributed to market fluctuations. The probability of a December rate cut has fallen below 50%.
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