In October 2024, the Indian rupee (INR) reached an all-time low of 83.99 against the U.S. dollar (USD), creating a ripple effect across India’s financial markets. This depreciation is attributed to several key factors, including rising global crude oil prices and significant Foreign Institutional Investor (FII) outflows. The weakened rupee has raised concerns about inflation, … Read more
The Federal Reserve’s monetary policy decisions significantly impact the global economy and financial markets. Recently, Bank of America Securities (BoA) has issued a report highlighting the implications of the Fed’s anticipated rate-cutting cycle, projecting a weaker dollar as a consequence. Understanding how the Fed’s actions affect the dollar, the economy, and various asset classes is … Read more
The Indian rupee recently strengthened by 2 paise to settle at *83.64* against the US dollar. While this change may seem minor, currency fluctuations, even of small magnitudes, can have broader implications for the economy, businesses, and financial markets. Understanding the factors driving these movements and their potential impact can help investors make more informed … Read more