South Korea Launches $68 Billion Stability Fund; RBI Sells Dollars Ahead of Market Open
3 hours agoBusiness
24LENS
2 SourcesSouth Korea
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South Korea Launches $68 Billion Stability Fund; RBI Sells Dollars Ahead of Market Open

South Korea has activated a $68 billion market stability fund in response to the Middle East crisis to support its financial markets. Meanwhile, traders report that the Reserve Bank of India (RBI) conducted significant dollar sales before the local spot market opened, indicating active currency market interventions. Both developments reflect central banks' efforts to maintain market stability amid global uncertainties.

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