“Signs of a peak in inflation and lower incremental depreciation pressures on the currency increase the likelihood that RBI might dial down the scale of the hike in December to 35 basis points, after three consecutive 50-basis point increases, and the tightening cycle peaking in early 2033, ahead of the US Fed,” said Radhika Rao, senior economist, DBS Bank.
Dollar flat near one-week high as investors await Warsh’s Jackson Hole debut
The euro and sterling were subdued near one-week lows against the greenback, last at $1.1652 and $1.3597, respectively, though both remained on track for a
August 28, 2026