# Rupee, bond prices fall as RBI, US Fed turn hawkish | Business News

> The rupee weakened past 65 per dollar for the first time since November 21, 2017, and bond yields rose to a two-year high. Minutes from the Reserve Bank of India meeting showed most members turned hawkish over inflation, and one suggested a series of rate hikes might be needed. Minutes from the US Federal Reserve also pointed to continued rate increases.

- Date: 2018-02-22 · published 2018-02-22T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/66780-rupee-bond-prices-fall-as-rbi-us-fed-turn-hawkish-business-news
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Expectations of higher rates in India and the US lift the dollar against emerging-market currencies and raise funding costs. Rupee weakness raises the cost of imported feed ingredients.

## Read by commodity

- USDINR: bullish ▲

## Sources

- hindustantimes.com: https://www.hindustantimes.com/business-news/rupee-bond-prices-fall-as-rbi-us-fed-turn-hawkish/story-LUw4xweEWwqkY0b9ijwwEN.html

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