Rupee falls 43 paise to 79.60 against US dollar in early trade
The higher-than-expected print has raised the prospect of more aggressive monetary policy tightening by the US Fed. Markets now expect the terminal Fed Funds rate to be 4.25 per cent. Markets are also attributing a 20 per cent chance of a 100 basis point hike in the policy next week, according to IFA Global Research Academy.
