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Will the US Federal Reserve hike rates again? Governor Chris Waller joins hawkish camp

US Federal Reserve Governor Chris Waller has joined a growing group of policymakers calling for the central bank to signal that its next move may not necessarily be an interest rate cut as inflation pressures remain elevated, AFP reported.The comments come as the US economy continues to grapple with stubborn price pressures, with consumer inflation…

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Currency watch: Rupee sinks 47 paise to close at 88.69 against dollar; Fed’s hawkish tone, weak markets weigh on sentiment

The rupee slumped 47 paise to end at 88.69 against the US dollar on Thursday, pressured by a stronger greenback, weak domestic equities, and hawkish commentary from the US Federal Reserve that dented global risk appetite.Traders said the local unit came under sustained pressure through the session amid month-end dollar demand from oil marketing companies…

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