The Federal Reserve expresses concerns over inflation risks and potential rate hikes, creating significant impact on financial markets and sparking debates.
Brace for potential volatility in the second half of 2023 as the stock market takes a breath, with the dominance of tech giants raising valuation concerns.
The Indian rupee has reached a new high against the US dollar, but traders are cautious ahead of the US Federal Reserve's rate decision. Meanwhile, Asian currencies weaken as risk sentiment rises.
Brace for potential volatility in the second half of 2023 as the stock market takes a breath, with the dominance of tech giants raising valuation concerns.
The Indian rupee may rise on Friday as the US dollar falls, with hope that the Federal Reserve won't act hawkishly. Non-deliverable forwards suggest the rupee will open at around 81.93-81.96 to the dollar, after a widening trade deficit caused a four-day winning streak to snap. The rupee has gained around 0.35% for the week so far and a trader with foreign bank believes it should see appreciation on Friday, possibly helped by the offshore Chinese yuan's move.