scorecardresearch‘Worst Likely Over’ for Indian Rupee and Other Emerging Asia Currencies as Fed Hike Bets Ease

‘Worst Likely Over’ for Indian Rupee and Other Emerging Asia Currencies as Fed Hike Bets Ease

Updated: 11 Aug 2022, 11:49 AM IST
TL;DR.
The worst may be over for emerging Asian currencies as slower-than-expected US inflation eases pressure on the Federal Reserve to aggressively raise interest rates, according to DBS Group Holdings Ltd. and Malayan Banking Bhd.
Federal Reserve Board Chairman Jerome Powell speaks during a news conference in Washington, DC, on July 27, 2022. - The US Federal Reserve on July 27 again raised the benchmark interest rate by three-quarters of a percentage point in its ongoing battle to tamp down raging price pressures that are squeezing American families. (Photo by MANDEL NGAN / AFP)

Federal Reserve Board Chairman Jerome Powell speaks during a news conference in Washington, DC, on July 27, 2022. - The US Federal Reserve on July 27 again raised the benchmark interest rate by three-quarters of a percentage point in its ongoing battle to tamp down raging price pressures that are squeezing American families. (Photo by MANDEL NGAN / AFP)