Asian markets are rising for the fourth day. Concerns about artificial intelligence are easing. Nvidia’s sales forecast is upbeat. This is boosting Asian chipmakers. South Korea’s Kospi Index reached a record high. The dollar weakened. Gold edged up. Bitcoin fell. Investors are watching Nvidia’s outlook to support the AI trade.
FCNR(B) scheme has bought India 3-5 years, but $170 billion repayment cliff looms: Uday Kotak
Uday Kotak has described India’s $130-billion-plus FCNR(B) mobilisation as a “strong insurance policy” against global shocks, but warned that repayments including interest could reach $160-170