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Indian rupee, bonds eye Fed decision, rate outlook
MUMBAI: Pressure on the Indian rupee is likely to persist this week as oil prices stay above $100 a barrel and expectations of a US Federal Reserve rate hike grow, also weighing on government bonds. The Indian rupee fell more than 1% last week to close at 95.55 per dollar on Friday. Indian financial markets were shut on Monday for a local holiday. Brent crude remained above $100 a barrel after fresh strikes on Saudi energy infrastructure and attacks on ships in the Middle East raised concerns over supply disruptions. Markets are also pricing in a high chance of a 25-basis-point Fed rate hike...
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