This week, the Indian rupee and government bond yields are expected to take cues from the Federal Reserve's guidance at a pivotal monetary policy meeting amid the turmoil in the U.S. and European banking sectors.
, UBS Group AG sealed a deal to buy Credit Suisse for $3.23 billion, a historic move which was followed by global central banks assuring markets of adequate dollar liquidity via standing swap lines.
Money markets largely point to a 25 basis point hike from the U.S. central bank on Wednesday, but there have been calls for a pause. We remain glued to the situation as a turn for the worse "can see a break of 83 and set up a test of 84 quickly for the rupee," said Jayaram Krishnamurthy, founding partner and COO at Almus Risk Consulting.
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