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Indian bond yields were little changed after US October inflation rose to 6.2%, a 30-year high. The dollar index climbed above 95 on safe-haven demand and emerging markets sold off.
The rupee fell 0.18% to close at 74.52 per dollar.
Higher US inflation raises expectations of faster Fed tightening, which strengthens the dollar and raises the cost of dollar-priced feed imports for emerging-market buyers.
business-standard.comBusiness StandardNov 11, 2021After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
