Express News | Traders stated that the Reserve Bank of India may be selling U.S. dollars to curb the rupee's depreciation.

BreakingsAug 18 11:37

The probability of a Federal Reserve rate hike in September has dropped to just 33%, yet the U.S. dollar remains unable to stem the rupee's decline. Who is the real driving force behind this trend?

On Monday (August 17), the US dollar traded higher against the Indian rupee, currently hovering around 95.60. Although US retail sales unexpectedly fell by 0.6% in July, combined with CPI and PPI data, the market's implied probability of a Federal Reserve rate hike in September has dropped from 44% last week to 33.1%. The US dollar remains under pressure, theoretically providing support for the rupee. However, the Reserve Bank of India (RBI) announced the closure of its FCNR deposit foreign exchange swap window one month ahead of schedule, sparking market concerns over tightening US dollar liquidity and weighing on the rupee. Market traders expect USD/INR to trade within the 95.00-

FX678 FinanceAug 17 21:06

CICC: Will overseas liquidity face problems?

The rebound to this level is supported by the following factors: 1) High leverage and crowded positions have largely stabilized and been cleared out; 2) Our proprietary AI bubble stress index has improved; 3) Against this backdrop, liquidity has become the focal point likely to drive market dynamics.

CICC InsightsAug 17 17:49

Express News | Traders stated that the Reserve Bank of India sold dollars in the foreign exchange market to support the rupee.

BreakingsAug 17 13:55

Divergence Among Fed Officials Emerges: Barkin Supports Holding Steady, Hammack Insists on Rate Hike

Richmond Fed President Thomas Barkin supports holding interest rates steady, arguing that inflation stems primarily from temporary shocks, but warns that AI investment and supply chain dynamics could exert persistent price pressures. Cleveland Fed President Loretta Mester, meanwhile, reaffirmed her stance in favor of rate hikes, cautioning against financial stability risks such as U.S. Treasury leverage and an AI bubble. With unemployment remaining low and economic data presenting a mixed picture, the Federal Reserve’s policy path for its September meeting is fraught with uncertainty.

wallstreetcnAug 13 21:30

Express News | Dollar pullback fails to support the rupee; India's heavy reliance on high oil prices weighs on its currency.

BreakingsAug 13 19:32