The Indian rupee’s slide towards 90 has sparked market speculation, with experts suggesting it’s seeking equilibrium due to unfavorable current and capital accounts. While short-term dips to 90.5-91 are possible, fundamentals point to a medium-term recovery towards 88, indicating potential undervaluation.
Chicago Fed President Goolsbee rejects calls for Fed rate cuts to ease US debt burden
Chicago Fed President Austan Goolsbee rejected calls for interest-rate cuts to ease the US government’s debt burden, warning that such a move could fuel inflation