Hello @Sanchita Sengupta , Welcome to Microsoft Q&A! Thanks for posting the question.
Can you please confirm if you have the cors policy applied at Global API level or at product level? I ask because based on the information here if you apply the CORS policy in the Product scope, instead of the API(s) scope, and your API uses subscription key authentication through a header, your console won't work. The browser automatically issues an OPTIONS HTTP request, which doesn't contain a header with the subscription key. Because of the missing subscription key, API Management can't associate the OPTIONS call with a Product, so it can't apply the CORS policy. As a workaround you can pass the subscription key in a query parameter.
Please let me know if there are any concerns. Thank you!