Rupee, bonds gain on 'less hawkish' policy despite US Fed rate hike

Fed Chair Powell's comments suggest slower pace of hikes going ahead, say markets

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3 min read Last Updated : Jul 28 2022 | 11:01 AM IST

Indian government bonds and the rupee strengthened on Thursday despite a 75-basis-point (bp) rate hike by the US Federal Reserve as key aspects of the central bank’s commentary were perceived

Topics : Reserve Bank of India Indian rupee US Dollar US Fed rate hike US Federal Reserve BSE NSE Jerome Powell US Inflation United States Interest rate hike RBI Rupee indian government US interest rates

First Published: Jul 28 2022 | 11:01 AM IST

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Rupee, bonds gain on 'less hawkish' policy despite US Fed rate hike

Fed Chair Powell's comments suggest slower pace of hikes going ahead, say markets

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