The dollar was stable on Wednesday ahead of crucial inflation readings, lifted by rising Treasury yields. The yen drifted to its weakest in four weeks. Euro and sterling also showed movements. Australian dollar spiked before steadying. U.S. consumer confidence improved in May. Markets await inflation reports this week.
Warning Signal? FIIs cut stake in 11 smallcap stocks in the last 3 quarters; prices crash up to 70%
Reliance Power’s shares declined as the Enforcement Directorate filed a chargesheet in a fake bank guarantee case, weighing on investor sentiment and drawing renewed attention