The Reserve Bank of India is tightening oversight of foreign-exchange markets and non-deliverable forward (NDF) norms to curb rupee volatility. Recent directives cap banks’ net open foreign-exchange positions and prohibit offering rupee NDF contracts, forcing unwinding of existing positions and preventing new ones. These measures aim to stabilize the rupee by reducing arbitrage opportunities and offshore influence.
US stocks today: US stocks end higher on cool inflation data, strong earnings
Wall Street closed higher as softer US producer inflation and strong early Q2 earnings boosted sentiment. PayPal surged on a reported buyout offer, while BlackRock