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Fixed Income And Currency Market
23 Apr 2023
INR declines amid souring mood, USD gains strength on hawkish Fed comments
The INR is experiencing a decline due to negative market sentiment, while the USD is gaining strength following comments from the Federal Reserve regarding potential interest rate hikes. In the US, there are signs of a slow weakening of the labour market, as jobless claims rise slightly above expectations, while existing home sales experienced a decline in March following a notable increase in February. Overall, the report provides insights into the current state of the currency and global bond markets.
Ketan Verma
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