Several treasury executives told ET that the RBI conducted multiple tranches of short-term ‘sell-buy’ swaps in the foreign exchange market for a cumulative amount of around $8 billion over the last few days. The central bank has not conducted these transactions for such a magnitude for at least three months prior to this, currency market players said.
US stocks: S&P, Nasdaq end over 1% higher as AI-fueled optimism weighs
CoreWeave reported strong earnings, easing investor concerns about spending on AI infrastructure and boosting stock prices. Both the S&P 500 and Nasdaq witnessed gains following