(Bloomberg) Kenya’s shilling posted its worst performance in 30 years as interest rates in major economies rose, offshore investors reduced their holdings and foreign-exchange inflows from exports declined. Most Read from BloombergL’Oreal Heir Francoise Bettencourt Meyers Becomes First Woman With $100 Billion FortuneThe Late-Night Email to Tim Cook That Set the Apple Watch Saga in MotionBridgewater CEO’s Past Office Romance Led to Favoritism ClaimsMaine Bars Trump From State’s 2024 Presidenti
Market experts blame the decline in FPI registrations on global headwinds, although they expect strong offshore inflows to continue owing to positive domestic factors
India transitioned to T+1 settlement, where trades are settled within a day, in January. The Securities and Exchange Board of India (SEBI) now plans to allow instant settlement by October next year as an option running alongside T+1 settlement.
Bloomberg Facilitated Trades for Offshore Investors on First Trading Day of Swap Connect webwire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from webwire.com Daily Mail and Mail on Sunday newspapers.