Reuters
The currency last week gave up all its post-Federal Reserve meeting gains once a selloff in Deutsche Bank shares began amid concerns over the health of the global financial sector. On Monday, Indian equities firmed, while U.S. and European stock futures advanced on news that First Citizens BancShares Inc would acquire all of Silicon Valley Bank's (SVB) deposits and loans from the Federal Deposit Insurance Corporation (FDIC). The collapse of SVB and other mid-sized U.S.-lenders, besides Credit Suisse's takeover by UBS, over the past two weeks has roiled markets, with investors becoming extremely sensitive to new developments and rushing to safe-havens.