The Indian rupee strengthened against the U.S. dollar on Thursday after the U.S. Federal Reserve hiked interest rates by 25 basis points (bps), as expected, but signalled the monetary tightening cycle may be coming to a close.
The rupee opened at 82.3750 per dollar, its strongest level in a week. The currency ended at 82.6550 on Tuesday. The market was closed on Wednesday for a local holiday.on future rate hikes, amid the banking crisis in the United States, which saw the odds of a 25 bps increase at the May meeting become almost even.
All Asian currencies traded higher, while the dollar index hit a seven-week low as, earlier this month, at least three more Fed hikes were being priced in.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
USD/INR Price News: Indian Rupee extends post-Fed gains above 82.00 on downbeat yieldsUSD/INR Price News: Indian Rupee extends post-Fed gains above 82.00 on downbeat yields – by anilpanchal7 USDINR Oil RiskAversion CentralBanks YieldCurve
Leer más »
Indian shares open higher ahead of the Fed rate decisionIndian shares opened higher on Wednesday, tracking a rise in global peers as concerns over banking eased further after the Credit Suisse rescue, while investors await the U.S. Federal Reserve rate decision later in the day.
Leer más »
US Sen Scott pushes for new Fed inspector general, slams Fed over bank regulationRepublican U.S. Senator Rick Scott said on Monday he will introduce legislation to create an independent inspector general to oversee the Federal Reserve, as he called the U.S. central bank 'unable or unwilling to properly regulate' banks in a letter to Fed Chair Jerome Powell.
Leer más »
Fed's median view of fed funds rate at end-2023 unchanged at 5.1% in MarchThe Federal Reserve's revised Summary of Economic Projections (SEP), the so-called dot plot, showed that the median view of the policy rate at end-202
Leer más »
Fed recap: All the market-moving comments from Fed Chair Powell after rate hikeThe Federal Reserve announced a 25 basis point rate hike on Wednesday. The increase was widely anticipated by the market.
Leer más »