The Indian rupee experienced a sharp decline in 2026, nearing Rs. 97 against the US dollar before a slight recovery. This depreciation, driven by import reliance, trade deficits, and global tensions, has significantly impacted commodity prices, pushing inflation higher. While the RBI intervenes, the rupee faces a mild depreciating bias.
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