USD/INR Price News: Indian rupee retreats towards 79.50 key level ahead of Fed Minutes – by anilpanchal7 USDINR Oil Fed RiskAppetite Recession
regains acceptance ahead of the Federal Open Market Committee meeting minutes.
WTI crude oil licks its wounds around the lowest levels since late January as it picks up bids to $86.70 by the press time. India’s reliance on energy imports and a record high trade deficit keeps the INR vulnerable toChina’s Premier Li Keqiang recently crossed wires, via the Communist Party’s flagship newspaper People’s Daily, while urging local officials from six key provinces that account for about 40% of the country’s economy to bolster pro-growth measures.
That said, US 10-year Treasury yields fade the previous day’s rebound while S&P 500 Futures retreat from a four-month high.
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