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Three traders said on Thursday the Reserve Bank of India may have intervened in FX markets by selling dollars to support the rupee. Escalation in the Middle East pushed oil prices higher, weighing on India's currency as an energy net‑importer. USD/IN

2026-07-09

Three traders said on Thursday the Reserve Bank of India may have intervened in FX markets by selling dollars to support the rupee. Escalation in the Middle East pushed oil prices higher, weighing on India's currency as an energy net‑importer. USD/INR was 95.49, slightly firmer than the prior close of 95.5550. One trader said at least two state‑owned banks were observed selling dollars, likely on behalf of the RBI.

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2026-07-09

Micron Technology said it will accelerate US fab and technology spending amid surging AI-era memory demand and expects cumulative US investment to exceed $250 billion by 2035. The company said the increase would support a long-term goal of producing

Micron Technology said it will accelerate US fab and technology spending amid surging AI-era memory demand and expects cumulative US investment to exceed $250 billion by 2035. The company said the increase would support a long-term goal of producing 40% of its DRAM in the United States and includes up to $3 billion to develop a domestic semiconductor supply-chain ecosystem.
2026-07-09

Japan's Chief Cabinet Secretary Minoru Kihara said he hopes to win market confidence by steadily reducing the government's debt-to-GDP ratio.

Japan's Chief Cabinet Secretary Minoru Kihara said he hopes to win market confidence by steadily reducing the government's debt-to-GDP ratio.
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