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Rising Fed hike bets pressure Indian rupee, oil worries linger

MUMBAI: The Indian rupee is expected to open weaker on Monday after investors stepped up bets on a Federal Reserve rate hike at the next policy meeting following hawkish comments by Fed Chair Kevin Warsh. The Indian rupee is expected to open in the 95.55-95.60 range, per traders, having settled at 95.3775 to the dollar on Friday.

HK, regional markets mostly down amid new US attacks

Asian equity markets were mostly lower at the start of a new week as oil prices rose following the latest US attacks on Iran and hawkish comments from Federal Reserve chair Kevin Warsh increased…

  • Hong Kong's Hang Seng Index fell 0.64% to 25,420
  • US attacks on Iran caused oil price surge
  • Fed chair Kevin Warsh warned of high inflation

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