Traders say the Reserve Bank of India has been selling dollars in both onshore and offshore foreign-exchange markets to bolster the rupee.

The dollar rose 0.1% to 96.0963 per dollar, while the 1-month non-deliverable forward briefly gained about 0.2% before holding at 96.37.

The moves followed the Federal Reserve’s expected rate hike on Wednesday, with higher U.S. rates reducing the relative appeal of Indian bonds and other emerging-market assets.

Over the past several weeks, the RBI has continued intervening in the FX market, and the rupee has fallen more than 6% this year, underperforming other Asian currencies.

In Polymarket’s Miami Marlins vs. Arizona Diamondbacks market, the option representing the Marlins’ chances surged to 72.5% from 53.5% observed an hour earlier.

The rise equates to roughly a 19-percentage-point swing within the same one-hour window.

ChainCatcher notes that the sharp move may reflect the impact of related breaking news affecting sentiment in the market.

HSBC Holdings Plc says the downturn in Australia's housing market is likely to curb overall economic growth, while potentially aiding the Reserve Bank of Australia in steering inflation toward its 2%-3% target range.

Cosmos Ventures has unveiled Fund I, totaling $77.6 million, to back founders who aim to build institutions for the AI era. The early portfolio includes AIUC, Prime Intellect, and Workshop Labs, the latter of which was acquired by Thinking Machines, as well as an education company that has not been disclosed.

Brendan McCord, co-founder of Cosmos Institute and Cosmos Ventures, and Matt Mandel, who previously worked at Union Square Ventures, lead the new fund.

Limited partners in the vehicle include Reid Hoffman, Joe Liemandt, Stand Together, Fred Wilson, Micky Malka, and the Astera Institute.

Cosmos Ventures argues that AI presents the largest opportunity for institutional building since the founding of the United States, noting that AI challenges the traditional link between intelligence and humanity and leaves many needed institutions unbuilt. It describes founders for this era as philosopher-builders who must address normative questions machines cannot answer and embraces the motto Condere aude, meaning “dare to found.”

Prime Minister Narendra Modi is set to open a semiconductor conference in New Delhi on Thursday, Bloomberg reports.

The event takes place as India pursues a $30 billion chipmaking push to attract global investors to its semiconductor sector.

Alberta plans to revise the royalties charged to oil producers to encourage investment and raise output, a move tied to advancing a proposed pipeline that would carry about one million barrels of oil per day, according to Bloomberg.

The province's premier said the royalty framework will be adjusted to stimulate growth in the oil sector.

Three people familiar with the matter say President Donald Trump is set to meet Gulf leaders in New York next Tuesday on the sidelines of the United Nations General Assembly to discuss postwar arrangements for the conflict with Iran.

The discussions are described as focusing on a postwar strategic framework proposed by the United States.

Trump and his senior team are said to be drafting a postwar plan that is expected to be finalized after the midterm elections.

An Israeli official indicated that Prime Minister Benjamin Netanyahu would also like to meet Trump in New York, but no such meeting has been scheduled.

The U.S. International Trade Commission has opened an investigation into claims that Samsung Electronics, Apple, and Google infringed patents relating to specific audio technologies used in consumer devices.

California-based BoomCloud 360 filed the complaint, and the ITC has posted the case on its website as part of the proceedings. BoomCloud 360 asserts that three of its patents cover the implicated audio technologies and has asked the commission to block imports and prohibit the sale or distribution of the affected products in the United States.

The three companies named as respondents—Samsung Electronics, Apple, and Google—are required to respond to the complaint within 20 days of receiving notification of the investigation.

Morgan Stanley co-president Dan Simkowitz said that efforts by OpenAI and Anthropic to slow the rollout of frontier AI models are unlikely to reduce demand for computing resources or the funding for hardware. He also said that financing for AI infrastructure remains ongoing and that the firm is expanding its AI initiatives across research, cybersecurity, and client service.

Simkowitz declined to comment on any individual deals and could not say when Anthropic might go public. He also highlighted concerns about macro factors, including fiscal policy, oil prices around $100 per barrel, and the roughly $40 trillion in federal debt as his main worries.