The Dow Jones closed higher, hitting a record high, propelled by UnitedHealth’s surge after Berkshire Hathaway increased its stake. Other indexes slipped amid mixed economic data impacting Federal Reserve’s policy decisions. Investors are anticipating a potential rate cut in September. Trump and Putin’s meeting in Alaska raised hopes for resolving the Ukraine conflict and influencing crude prices.
Lenders may turn to OFCB route to raise more funds abroad
Indian banks are now shifting focus towards borrowing in overseas foreign currencies to meet their fundraising requirements. This strategic pivot comes in light of an