Growth downturns can expose vulnerabilities that increase market risks
So far in 2022, the rupee has shed around 5.8 per cent against the dollar as higher US interest rates and a surge in global commodity prices have the outlook on the currency
The domestic currency was trading at a fresh record low of 78.597 per US dollar against 78.34 per dollar at the previous close
The central bank is under pressure to begin to decisively curb overly high inflation, which is running at more than three times its 2% goal
The dollar, a rival safe-haven asset to gold, has been falling broadly alongside a decline in Treasury yields from multi-year peaks, with aggressive easing by the Federal Reserve already priced in.
The Labor Department's report showed consumer prices shot up to 8.5% in 12 months through March, slightly higher than estimated 8.4%, although the so-called core CPI fell short of estimates at 6.5%
21 people have been killed by Russian artillery that destroyed a school and a community center in Merefa, near the northeast city of Kharkiv, officials said.
The shape of the yield curve is a key metric investors watch as it impacts other asset prices, feeds through to banks' returns and has been an indicator of the economy.
US central bank sees more rate hikes in 2022 and 2023, says there is need to limit inflation hit for families.
The US Federal Reserve is widely expected to start raising interest rates from near zero this week amid skyrocketing inflation, which has been rising to the highest level in 4 decades, economists said
Central bank signals likely to raise rates in March; stocks slide into negative territory after Powell remarks
In a blog published Monday, the IMF said it expected robust US growth to continue, with inflation likely to moderate later in the year.
Global shares posted their longest winning streak in three months on Monday, aided by hopes US interest rates would stay low for longer and talk of more stimulus in Japan and China
Federal Reserve Chair Jerome Powell reaffirmed the US central bank's intent to encourage a "broad and inclusive" recovery of the job market, and not to raise interest rates too quickly
Central bank keeps key overnight lending rate remains at 1.50%-1.75%; chief says policy appropriate and not on preset course.
With an unemployment rate of just 4.1 per cent and a weakening dollar, investors' expected rate of inflation is increasing