INR News and Press, Market Vectors Indian Rupee/USD ETN From 10/30/22

Summary With this month's hike, the Federal Reserve would have raised overnight rates by 300 bp while doubling the pace that its balance sheet is shrinking over the past 100 days. The JPMorgan Emerging Market Currency Index stabilized in October after falling by nearly 8.5% in the...

Summary Wall Street will pay close attention to the first look at third-quarter GDP. This is the critical week for guidance from mega-cap tech that will either make or break risk appetite. A new week will bring a new Prime Minister in the UK, the third in two months, following...

Summary Both the Empire Manufacturing Survey and Philly Fed business outlook are expected to remain in contraction territory. Earnings season heats up as we hear from Bank of America, Goldman Sachs, Netflix, and Tesla. Japan may need to intervene in the FX market again as the ...

Summary The Fed is primarily concerned with what is happening with inflation. This earnings season will likely be filled with hiring freezes/layoff announcements, cost-cutting saving measures, and mostly downbeat outlooks. The West is working towards fresh sanctions and potent...

India's foreign exchange reserves fell to the lowest level since July 2020, standing at $532.7B in the week through September 30, according to the Reserve Bank of India's weekly statistical supplement released Friday. That's the ninth straight week of declines as the country's...

The Reserve Bank of India likely intervened to support the rupee by selling U.S. dollars through state-run lenders, according to a Monday report from Reuters, citing two bankers and two brokerage firms familiar with the matter. The move comes as the rupee ( INR ) hovers near...

Summary Investors will have a handful of key economic releases to follow this week. The key economic release for the week is the September nonfarm payroll report. Unemployment is expected to remain steady at 3.7%. US It remains all about the Fed as it continu...

Summary The FOMC may consider a full-point rate hike but will likely settle on delivering its third consecutive 75 basis-point increase. The BoE will meet on Thursday and it has a big decision to make. The FX world is closely watching everything out of Japan. US ...

Summary The main economic data release for the trading week is the US inflation report. The UK economy is in a precarious position and facing a recession. Chinese President Xi is expected to meet with Russian President Putin at the Shanghai Cooperation Organisation summit in U...

Summary It seems that many market participants had the same thing in mind, cut dollar longs before the Jackson Hole gathering. Responding to a string of data which suggests that the Chinese economy may struggle to grow by even 3% this year, the State Council announced 19 measures ...