🧵 1. Fed's hawkish stance boosts US dollar and treasuries, putting pressure on the rupee, which fell to all-time lows due to widening trade deficit. #finance
🧵 1. Fed's hawkish stance boosts US dollar and treasuries, putting pressure on the rupee, which fell to all-time lows due to widening trade deficit. #finance
🧵 2. Strong economic activity but slower job gains prompt Fed to hint at one more rate hike this year, influencing the dollar's strength.
🧵 4. RBI policy statement next month expected to keep rates unchanged, but global factors and inflation concerns may keep rates higher worldwide.
🧵 5. US dollar maintains positive bias, reaches 12-month high after Fed's hawkish stance on inflation. We anticipate USDINR to trade sideways with resistance at 83.50-83.80.
🧵 Read more at: https://www.financialexpress.com/market/feds-hawkish-stance-leads-gain-for-dollar-us-treasuries-3261421/
🧵 3. RBI's active intervention curtails rupee depreciation, but FII selling persists. Indian bonds to be included in JPM EM bond index, prompting flows of $30bn.
thanks for sharing