RBI plans tighter forex guarantee rules, barring Indians from acting as surety or creditor without RBI approval.
U.S. PPI rose 0.9% in July, far above forecasts, reducing chances of a big Fed rate cut next month.
Markets now expect a 25-point Fed cut, with probability at 92% after inflation surprise.
Yen strengthened to 147.6 per dollar, supported by Japan’s stronger-than-expected GDP gr
owth.
Asian currencies traded mixed, as Chinese retail and industrial data weighed on sentiment.
Dollar slipped to two-week lows, pressured by dovish Fed bets and cooling U.S. yields.
Geopolitics adds volatility, with traders eyeing the upcoming U.S.–Russia summit in Al
aska.
EUR/USD shows bullish pattern, with upside potential toward 1.1825 if momentum holds.
USD loses rebound strength, as traders await U.S. Retail Sales and Industrial Production data.
Forex market stays cautious, balancing inflation concerns with global growth signals.