USD/INR Price News: Indian Rupee slides to 82.80 as markets brace for US inflation – by anilpanchal7 USDINR Inflation RiskAppetite Fed China
cks up bids to reverse the pullback from the previous monthly high as the US Dollar remains firmer amid the sour sentiment.
US Military General recently turned down the market’s fears of Chinese spying on the US by saying, “ have no reason to think latest objects are Chinese.” Even so, the fact that the US shot down nearly four such objects and China prepares to hit one weighs on sentiment. At home, recovery in Adani stocks and optimism surrounding the government’s deficit-cutting measures seem to battle with the broadly downbeat sentiment due to the Reserve Bank of India’s hawkish bias. It’s worth noting that the exodus of foreign fund outflows, due to the Adani saga, also weighs on the Indian Rupee.
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