Fixed Income And Currency Market

18 Apr 2022

INR falls & USD rises as inflation spikes

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USD rose as high inflation supported the expectation that the Federal Reserve will hike rates more aggressively, possibly with a 50-bps rate hike in May and another in June. This comes after a 25-basis point rate hike in March. India's CPI inflation rose to 6.95% in the month of March which is higher than the 6.07% reported in February.

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Ketan Verma
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