Fixed Income And Currency Market

2 Oct 2022

INR pares losses after RBI hikes rates by 50 bps, more hikes are expected

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INR ended the week lower but gained after RBI hiked rates by 50 bps. USD fell back across the board despite a bout of stronger than expected release of data during the week. GBP rose sharply from record lows hit on Monday after the Bank of England conducted rounds of bond buying to stabilize financial markets.

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Ketan Verma
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