USD/INR Price News: Indian Rupee bounces off six-week low to 82.20 despite easing inflation pressure on RBI – by anilpanchal7 USDINR RiskAppetite Inflation Politics FiscalPolicy
Softer India inflation figures, Fed’s dovish hike allow RBI to defend current inaction.
That said, US Dollar fails to cheer the downward shift in the market’s sentiment as the latest comments fromHouse Speaker Kevin McCarthy saying, “I don’t think we’re in a good place,” seem to put a floor under the US Dollar price, via fears of deadlock on the US debt ceiling extension as Republicans may stick to their demand. drops to 102.
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