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Fixed Income And Currency Market
16 Oct 2022
USD higher, 10yr UST tops 4% as inflation higher than expectation
USD is rallying higher across the board in risk-off trade, reflected in a steep selloff in the equity markets. INR ended lower amid broad USD strength and CPI inflation coming at 7.41% in September higher than the 7% seen in August and higher than the expectation of 7.30%.
Ketan Verma
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