Super hawkish Fed may drive USDINR higher; RBI may go for 50-bps rate hike
USDINR has crossed above 81 in the spot market, a fresh all-time high. The up move in the USDINR pair was basically a result of a couple of things — a) the escalation in the geopolitical instability after Putin’s speech and b) the US FED opting for a very hawkish 75-bps hike.
