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Fixed Income And Currency Market
29 May 2023
Tentative debt ceiling agreement to strengthen USD
As per latest development, U.S. President Joe Biden and top congressional Republican Kevin McCarthy reached a tentative deal to suspend the federal government's $31.4 trillion debt ceiling. Consequently, it will make USD appreciate against other currencies in the coming days. Indian rupee has appreciated against USD driven by rise in USD inflow.
Subhasis Mishra
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