Market News
MUMBAI, Sept 18 - The rupee inched up against the U.S. dollar on Monday, but surging oil prices and the rally on the dollar index suggest the rising risk of a significant decline in the local currency, analysts said.
"The RBI will be there to defend the rupee and to make sure that volatility overall is contained," the foreign exchange sales head of a private sector bank said. Brent crude has rallied 8.5% this month and surged nearly 26% in the current quarter on worries over supplies. The dollar index , supported by expectations that the U.S. Federal Reserve will hold rates high for longer, is hovering at the highest since March.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bond Market at Risk of Third Annual Loss Needs a Dot-Plot RescueFederal Reserve policymakers’ updated forecasts for their benchmark interest rate, due Wednesday, are looming as a key potential decider for a US Treasuries market at risk of a third straight year of losses.
Read more »
Bond Market at Risk of Third Annual Loss Needs a Dot-Plot Rescue(Bloomberg) -- Federal Reserve policymakers’ updated forecasts for their benchmark interest rate, due Wednesday, are looming as a key potential decider for a US Treasuries market at risk of a third straight year of losses.Most Read from BloombergWall Street Comes to Grips With How Wrong It’s Been in 2023MGM Resorts Hackers Broke In After Tricking IT Service DeskThe World Is Struggling to Make Enough DieselUltra-Rich Buy Ultra-Luxury Counseling to Get Kids Into HarvardHouse Republicans Prepare to
Read more »
Citi says it expects BoE to pause after one more rate hikeMarket News
Read more »
India rupee to rise despite higher oil prices, widening trade deficitMarket News
Read more »
Metro Media to declare bankruptcy as local journalism takes another hitThe Globe and Mail offers the most authoritative news in Canada, featuring national and international news
Read more »