Fixed Income And Currency Market

9 Apr 2023

INR rose despite a surprise decision from the RBI

linkedIn Logo twitter logo

USD ended the week lower as weak economic data support the idea that the U.S. Federal Reserve may be near the end of its rate-hiking cycle. INR traded higher against USD as the Reserve Bank of India surprised the market by keeping the repo rate on hold on Thursday after six straight rate hikes.

author dp
Ketan Verma
You need to Sign In to view details.


Information herein is believed to be reliable but Arjun Parthasarathy Editor: does not warrant its completeness or accuracy. Opinions and estimates are subject to change without notice. This information is not intended as an offer or solicitation for the purchase or sale of any financial instrument. The financial markets are inherently risky and it is assumed that those who trade these markets are fully aware of the risk of real loss involved. Unauthorized copying, distribution or sale of this publication is strictly prohibited. The author(s) of the content published in the site may or may not have investments in the assets discussed in the pages/posts.

Copyright © by Arjun Parthasarathy 2019-2024