Rupee gains as dollar drops to four-month low amid global uncertainty

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Rupee gains as dollar drops to four-month low amid global uncertainty - Business Standard

Quick Summary:

Traders are now pricing in 85 bps of easing from the Fed this year, compared to 75 bps on Monday, LSEG data showed.

Uncertainty about trade tariffs and their impact on the growth-inflation dynamic in the United States has sapped risk appetite from markets alongside a sharp selloff in US equities.

Meanwhile, dollar-rupee forward premiums gained, with the 1-year implied yield rising as much as 4 basis points to 2.20per cent, aided by a decline in US bond yields.