The dollar retreated from its five-week high due to the poor manufacturing index in New York and consolidation of gains from last week, but rises in US bond yields provided some support.
Foreign institutional investors reversed course in early April, spurred by rising global trade tensions following US President Trump’s announcement of steep tariffs. This led to
Benchmark indices Sensex and Nifty 50 fell by 2.6% each due to a global sell-off triggered by U.S. tariff actions. IT stocks suffered the most,
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