Asian stocks declined as semiconductor shares faced renewed selling pressure. Crude oil prices climbed higher due to fresh strikes in the Middle East. Government bonds in Australia and New Zealand opened higher after US inflation data. Traders reduced expectations for Federal Reserve interest rate increases this year. Investors assess if strong earnings can sustain the artificial intelligence rally.
India raises $73 bn in forex inflows at record pace
India has mobilised $73 billion in foreign exchange inflows in less than 11 weeks, surpassing the scale and pace of the RBI’s 2013 FCNR(B) swap