Fixed Income And Currency Market

29 Dec 2018

Currency Markets Turn Volatile Amid U.S. Political Instability

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The INR was highly volatile last week but managed to end the week higher against the USD despite USD exhibiting strength mid part of the week against major world currencies largely on the back off easing tensions between the White House and the Federal Reserve. However, tumbling oil prices continued to provide support to INR.

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Ketan Verma
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