Capital market stocks surged Wednesday as the RBI delayed new lender exposure rules by three months. Originally set for April 1, these norms would have increased costs for brokers and reduced leverage for proprietary traders. The deferment offers temporary relief, with industry associations expected to engage the regulator on reassessing the provisions.
Dollar drifts higher as traders eye Iran talks ahead of US jobs data
The dollar surged on Friday, gaining strength over the yen and euro as uncertainties regarding a peace deal in Iran heightened demand for safe-haven assets.