Oil and Fed Rate Decision to Drive Rupee and Bonds
Soaring oil prices and the Federal Reserve policy decision will drive the Indian rupee and government bonds this week. Domestic liquidity conditions pose an additional challenge for local bond yields.
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Xurve View
India's rupee and government bonds face renewed pressure this week from surging oil prices and an upcoming FOMC interest rate decision. The local currency hovered near 94.94 per dollar late last week, testing central bank support.
