Rupee Faces Fed Pressure As Bonds Risk Selloff
The Indian rupee faces sustained pressure this week from potential Federal Reserve rate hikes and high oil prices. Meanwhile, Indian government bonds face risks of further selling as markets await key GDP data.
Xurve View
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Xurve View
The India rupee faces mounting depreciation pressure this week as the prospect of a Federal Reserve rate hike converges with Brent crude oil trading near $90 a barrel. The currency strengthened 0.2% over the prior week to 95.3775 per United States dollar. Ongoing central bank interventions have contained larger declines.
