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The odds of an October Fed rate hike have roughly halved since Monday, and the Dollar Index has risen on every one of those days. It trades near 102.10, its highest since April 2025. The index is moving with Crude Oil and the Euro rather than with the odds for the Fed
The Indian rupee has markedly dipped against the US dollar, hitting 96.3150. This decline is attributed to escalating US bond yields, which have exerted pressure on emerging market currencies. Additionally, Indias primary equity indices have encountered their most prolonged downturn in 25 years, signaling a turbulent…