The U.S. dollar remained stable, easing pressure on the yen and other major currencies, as investors considered the Fed’s interest rate path. The New Zealand dollar dropped after the RBNZ cut rates by 50 basis points. Upcoming U.S. inflation data will be crucial for the dollar’s trajectory.
Sebi relaxes re-KYC process for NRIs; removes physical presence clause
Markets regulator Sebi on Wednesday eased the re-KYC process for Non-Resident Indians (NRIs) by removing the requirement for them to be physically present in India