At the close of trading in New York on Wednesday, June 17, S&P 500 stock index futures fell 0.95%, Dow Jones futures dropped 0.77%, and Nasdaq 100 index futures slipped 0.49%.
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Why did India suddenly make massive purchases of US Treasuries? July net purchase hit a record $15.2 billion, with a special swap mechanism as the key factor
Benefiting from a special arrangement by the Reserve Bank of India to attract overseas capital, India purchased a record amount of US Treasury bonds in July due to large capital inflows.
