Investors await crucial inflation data next week which may decide the Fed’s interest rate move. The S&P 500 index is nearing its record high while facing market volatility. Producer and Consumer Price Index reports will offer insights into August’s inflation trends. Odds for a Fed rate hike are currently around a coin flip. Treasury yields and AI trade developments also remain key market concerns.
RBI net forex buys hit a record $43 billion in August, balances it with swaps
The Reserve Bank of India recorded a net purchase of $43.26 billion in August’s foreign exchange market. This was done to manage significant dollar inflows