1. India's central bank maintained the repo rate at 5.25% but raised FY27 inflation projections and lowered GDP growth forecasts, while introducing measures to stabilize FX markets and attract foreign capital.
2. The cryptocurrency market saw a significant decline, with Bitcoin falling below $62,000 and Ethereum below $1,700, as a large ETH whale's long position faced tens of millions in losses.
3. Foxconn reported May revenue up 39.57% YoY and anticipates Q2 performance well above expectations, driven by robust demand for AI racks.
RBI Holds Rates Amid Inflation Concerns, Crypto Dips, Foxconn Surges on AI
