Tag: Interestrates

Discover how the Nasdaq is being impacted by rising interest rates, and why small businesses are concerned about future conditions. Also, find out about China's potential stimulus measures in this latest market update.

The Indian rupee ended higher on Friday, riding on the trend of other Asian currencies. Traders are watching US inflation data ahead of the Fed's interest rate verdict. The rupee finished at 82.4625 against the US dollar, down from 82.5622 on Thursday. Analysts expect US inflation data and the Fed's decision to affect the rupee's performance. The rupee has traded at 82.42-82.68 over the past week, while foreign investment inflows have sustained the Indian currency. But with China's yuan taking a hit, eyes are now on India's inflation data scheduled for Monday.

The Indian rupee lost value against the US dollar after the Reserve Bank of India decided to keep benchmark interest rates unchanged. The rupee traded at a high of 82.53 and a low of 82.61 before closing at 82.57. The central bank maintained its GDP growth projection but revised its retail inflation expectations to 5.1% from 5.2%. Learn more here.

Despite raised interest rates, the housing market shows resilience for global economies. Analysts surveyed in the US, Canada, Germany, Australia, New Zealand, and India predict either stagnant or slowed growth, but first-time affordability shows conflicting predictions. A slim majority predict recession.