USD/INR Price News: Indian Rupee extends post RBI gains as US Dollar retreats despite hawkish Fed talks – by anilpanchal7 USDINR RiskAppetite CentralBanks Fed Recession
doing so, the pair sellers extend the Reserve Bank of India inflicted losses to around 82.60 by the press time.in Asia improves amid the risk-positive headlines surrounding China. That said, the receding fears of the US-China jitters, following the China balloon shooting by the US, join hopes of People’s Bank of China’s rate cuts and the restart of the China-based companies’ listing on the US exchanges to favor risk-on mood in the bloc.
It should be noted that the RBI’s rejection of the market’s dovish hike expectations, by suggesting high inflation fears, also seems to weigh on the USD/INR prices. Following the RBI’s 0.25% hawkish move, analysts at ING and Citibank expect another 25 bps rate hike.
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