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Fixed Income And Currency Market
16 Oct 2023
USD rises after US inflation data.
The USD strengthened on rising yields and inflation concerns, while the US CPI exceeded expectations. The Federal Reserve maintained a cautious approach, and the IMF raised US growth projections. INR fell but was supported by RBI interventions, with India's trade deficit below expectations and CPI inflation declining but remaining above the 4% target.
Ketan Verma
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