Fixed Income And Currency Market

9 Oct 2022

INR breaches Rs 82 per USD and on way to Rs 85

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INR on Friday breached yet another psychologically crucial level of Rs 82 per USD on rising crude oil prices and on chances of aggressive rate hikes by the US Federal Reserve that led to a rally in the USD globally. USD was higher on the tight labour market and hawkish commentary from the Federal Reserve officials

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Ketan Verma
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