The US dollar weakened against major currencies on Wednesday. This happened after the United States indicated it is close to an agreement with Iran. Meanwhile, the Japanese yen continued to fall. US oil futures also dropped following these remarks. Markets are now awaiting US non-farm payrolls data. This will help determine the Federal Reserve’s next move on interest rates.
Banks seek easing of guarantee curbs to draw more NRI funds
Indian banks are asking the Reserve Bank of India to remove a guarantee restriction. This move aims to attract money from the Indian diaspora. Banks