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Fixed Income And Currency Market
18 Jul 2022
USD continues to rise; INR falls to record lows as recession risks loom
INR ended slightly short of Rs 80 a USD mark on Friday after falling to a record low this week amid sell off in riskier assets. USD exhibits broad strength as expectation of more fed rate hikes build after US inflation, as measured by consumer prices rose to 9.1% year on year in June.
Ketan Verma
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