# US Fed indicates more rate hikes this year; what this means for Indian rupee

> The US Federal Reserve raised its benchmark rate by 25 basis points to a 1% to 1.25% range on June 14, its third hike since December. Indian economists warned that balance sheet reduction could pull funds away from emerging markets including India.

- Date: 2017-06-16 · published 2017-06-16T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/70794-us-fed-indicates-more-rate-hikes-this-year-what-this-means-for-indian-rupee
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Tighter US policy strengthens the dollar and can drive capital out of emerging markets, weakening the rupee and raising the cost of dollar-priced feed imports.

## Read by commodity

- DXY: bullish ▲
- USDINR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-07-01 | [Oil drops 1.5% as Fed projects more rate hikes this year](https://feedsoft.ai/events/35655-oil-drops-1-5-as-fed-projects-more-rate-hikes-this-year.md) | -0.3% | -1.3% |
| DXY | 2021-12-17 | [What will the Fed’s expected rate hikes mean for Korean market? - The Korea Herald](https://feedsoft.ai/events/43844-what-will-the-fed-s-expected-rate-hikes-mean-for-korean-market-the-korea-herald.md) | -0.2% | -0.8% |
| DXY | 2018-08-22 | [Fed's minutes pave way for two more rate hikes in 2018](https://feedsoft.ai/events/63698-fed-s-minutes-pave-way-for-two-more-rate-hikes-in-2018.md) | -0.5% | -0.2% |
| DXY | 2023-06-30 | [Indian rupee to struggle on more Fed rate hike bets; US yields surge - Markets - Business Recorder](https://feedsoft.ai/events/35782-indian-rupee-to-struggle-on-more-fed-rate-hike-bets-us-yields-surge-markets.md) | -0.4% | -1.5% |
| DXY | 2016-12-14 | [Fed surprises with three rate hikes next year — and could need more](https://feedsoft.ai/events/6464-fed-surprises-with-three-rate-hikes-next-year-and-could-need-more.md) | +1.6% | +0.9% |

## Sources

- zeebiz.com: https://www.zeebiz.com/india/news-us-fed-indicates-more-rate-hikes-this-year-what-this-means-for-indian-rupee-17577

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