Dollar vs Rupee: On Wednesday, September 21, the Indian rupee closed at its lowest level against the US dollar. The US Federal Reserve saw a strong dollar index due to fears of a sharp increase in interest rates to control inflation. On September 21, the rupee closed at 79.9750 against the dollar. It had closed at 79.75 in the previous trading session. The rupee opened at 79.79 against the dollar on Wednesday and saw a steady decline during the day\'s trading.
The dollar index reached a two-decade high of 110.87. However, it is very unlikely that the US Federal Reserve will increase interest rates by 100 basis points to control inflation. The Federal Reserve is expected to increase interest rates by 75 basis points. This will be the third time in a row with such a huge increase.
In addition to the decision on interest rates, investors will be watching Fed Chair Jerome Powell\'s press conference and policymakers\' forecasts of interest rate hikes. DBS Group Research has said in a note that changes in global risk perceptions, the Federal Reserve\'s decision on interest rates, and rising real yields in the US will be taken into consideration.
Dilip Parmar, the Research Analyst, HDFC Securities, said the dollar gained against major currencies ahead of the Federal Reserve\'s policy decision. The risk appetite of investors weakened as the Russo-Ukraine war escalated. Global crude oil benchmark Brent crude futures fell 2.36 percent to $92.76 per barrel. Meanwhile, the BSE ended 262.96 points lower at 59,456.78. Compared to the Asian markets, the Indian market saw relatively less decline. According to stock exchange data, Foreign Institutional Investors (FIIs) were net buyers in the capital market. He bought shares worth Rs 1,196.19 crore on Tuesday.
Prime Minister Narendra Modi may address the high-level session of the United Nations General Ass
After the 17th round of talks with China, it has become clear that it is not willing to reduce th
Along with many countries of the world, Corona cases have started increasing in India too. After
Actor and Andhra Pradesh Deputy Chief Minister Pawan Kalyan was upset after actor Karthi's statem
There was a crowd in the metro train of Guangzhou city of China, so people were standing and trav
Yesterday was a historic day in Jammu and Kashmir. After three decades of the ban, a Muharram pro
The Chautala family of Haryana, which has close ties with the Badal family, has expressed grief o
Strong earthquake tremors have been felt on Thursday in the Kermadec Islands, located in the nort
Advanced medical facilities will be provided to the guests attending the G-20 conference. In case
After 22 years, Sunny Deol has once again returned to the big screen as 'Tara Singh'. His movie '
