The Reserve Bank of India has banned banks from offering or rebooking rupee non-deliverable forward contracts. This move widens the gap between domestic and overseas currency markets. Banks are now selling dollars locally and buying them abroad. This action aims to curb speculative trading and support the Indian rupee against the US dollar.
US stocks today: Nasdaq ends lower as chip weakness offsets solid earnings, economic data
U.S. stocks slipped as chipmakers dragged the Nasdaq and S&P 500 lower despite solid economic data and strong earnings expectations. Semiconductor weakness offset gains in
July 16, 2026