The Indian rupee and government bond yields are likely to take cues from the outcome of the U.S. Federal Reserve's monetary policy meeting on Dec. 14, one of a host of high-profile, potentially market-moving economic events in the week.
The rupee finished last week 1.2% lower at 82.27 per dollar, tumbling swiftly from trading in the 81-handle initially.
The rupee has struggled to gain –– despite a host of positive factors such as a domestic hawkish monetary policy, lower oil prices and a slump in the greenback –– due to corporate dollar outflows and as premiums crashed to over a decade low. Meanwhile, India's benchmark government bond yield ended last week at 7.2982%, with the 8 bps gain its biggest weekly rise since late-September.
India's November retail inflation print, due on Monday, would also be key to gauge the outlook on domestic interest rates.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Economy Week Ahead: U.S. Inflation, Fed Rate in FocusEconomy Week Ahead: The Fed is expected to increase its benchmark rate at a midweek policy meeting
Read more »
U.S. stock rally faces gauntlet of CPI data, Fed meeting By Reuters*U.S. STOCK MARKET BRACES FOR BUSY WEEK AS KEY CPI DATA, FED MEETING IN FOCUS - $DIA $SPY $QQQ $IWM $VIX 🇺🇸🇺🇸
Read more »
A stock market decline could be good for AmericaA buoyant stock market is constraining the Fed and, ultimately, hurting the country.
Read more »
Opinion | What Does the Fed's Jerome Powell Have Up His Sleeve?'The Fed is doubling down on what appears to be a failed policy, driving the economy to the brink of recession without bringing prices down appreciably... So why is the Fed forging ahead?'
Read more »
Week Ahead: Inflation Data, Fed Policy Meeting | Investing.comMarket Overview Analysis by Pinchas Cohen/Investing.com covering: XAU/USD, S&P 500, US Dollar Index Futures, Gold Futures. Read Pinchas Cohen/Investing.com's latest article on Investing.com
Read more »
GBP/USD faces barricades around 1.2300 as anxiety soars ahead of Fed/BOE policyThe GBP/USD pair has corrected to near 1.2250 after facing hurdles near the round-level resistance of 1.2300 in the early Asian session. The Cable has
Read more »