The Indian Rupee strengthened against the US Dollar on Monday. This rise followed a global plunge in crude oil prices. The Reserve Bank of India Governor indicated the central bank is prepared to support the local currency. This intervention aims to manage any speculative pressures. Market participants anticipate further measures to bolster the Rupee.
Fed’s Jefferson urges patience on rates; Kashkari sees more hikes ahead
Federal Reserve Vice Chair Philip Jefferson stated that he sees no immediate need for further interest rate adjustments. He emphasized that future decisions would depend