# Indian bonds, rupee weaken on Jerome Powell’s new term at U.S. Federal Reserve - The Hindu

> Indian bond prices fell and the rupee weakened to around 74.51 per dollar after Jerome Powell was renominated for a second term as Fed chair. Investors raised bets that the Fed would tighten policy sooner, and Asian emerging-market currencies and stocks slipped. Oil also fell on talk of coordinated crude reserve releases.

- Date: 2021-11-23 · published 2021-11-23T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/44317-indian-bonds-rupee-weaken-on-jerome-powell-s-new-term-at-u-s-federal-reserve
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A hawkish Fed lifts the dollar and raises emerging-market borrowing costs, which can pressure import-dependent buyers' currency costs. Lower crude on reserve-release talk eases energy and freight costs for feed supply chains.

## Read by commodity

- DXY: bullish ▲
- WTI: bearish ▼
- USDINR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-03-08 | [Rupee slides as Federal Reserve's Powell hints at higher US terminal rates \| Money & Forex Markets - Business Standard](https://feedsoft.ai/events/37142-rupee-slides-as-federal-reserve-s-powell-hints-at-higher-us-terminal-rates.md) | -0.4% | -1.9% |
| DXY | 2017-03-12 | [Canadian bonds, loonie brace for U.S. Federal Reserve rate hike - The Globe and Mail](https://feedsoft.ai/events/72217-canadian-bonds-loonie-brace-for-u-s-federal-reserve-rate-hike-the-globe-and-mail.md) | -1.1% | -1.3% |
| DXY | 2024-12-18 | [U.S. Federal Reserve cuts interest rates by another quarter point \| CBC News](https://feedsoft.ai/events/26852-u-s-federal-reserve-cuts-interest-rates-by-another-quarter-point-cbc-news.md) | +0.7% | +1.5% |
| DXY | 2018-03-22 | [What Is the Impact of the Federal Reserve's Latest Rate Hike on Indonesia? \| Indonesia Investments](https://feedsoft.ai/events/66316-what-is-the-impact-of-the-federal-reserve-s-latest-rate-hike-on-indonesia.md) | -0.8% | -1.3% |
| DXY | 2022-01-27 | [Bond yields rise, rupee falls on US Federal Reserve policy and crude prices \| News on Markets - Business Standard](https://feedsoft.ai/events/43416-bond-yields-rise-rupee-falls-on-us-federal-reserve-policy-and-crude-prices-news.md) | +0.1% | +0.7% |
| WTI | 2020-05-11 | [The oil crash couldn’t have come at a better time for India’s rupee](https://feedsoft.ai/events/53410-the-oil-crash-couldn-t-have-come-at-a-better-time-for-india-s-rupee.md) | +19.0% | +54.4% |
| WTI | 2023-06-13 | [Eggs are cheaper now, but inflation isn't where the Federal Reserve wants it to be](https://feedsoft.ai/events/35507-eggs-are-cheaper-now-but-inflation-isn-t-where-the-federal-reserve-wants-it-to.md) | +5.5% | +12.9% |
| WTI | 2023-02-15 | [Canadian dollar weakens as U.S. data boosts Fed rate hike prospects - The Globe and Mail](https://feedsoft.ai/events/37578-canadian-dollar-weakens-as-u-s-data-boosts-fed-rate-hike-prospects-the-globe.md) | -6.5% | -14.7% |

## Sources

- thehindu.com: https://www.thehindu.com/business/markets/indian-bonds-rupee-weaken-on-jerome-powells-new-term-at-us-federal-reserve/article37651509.ece

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.