While India has been a standout market this year, with the NSE Nifty 50 Index up above 7%, compared to an 18% slump in global stocks, it remains the most expensive in Asia.
so the strength of the dollar is making life harderfor many outside of the united states. but how much of that is to do with the central bank there, the federal reserve, raising interest rates? and how much is it to do with the struggles of other economies dealing with the covid pandemic and now the war in ukraine? well, london, it s one of the world s major currency trading hubs. so i ve been to the offices of the us investment banking giantjp morgan to catch up with its co head of currency strategies. meera chandan, a real pleasure having you on my show. thanks so much forjoining me. and mera, i vejust shown our viewers an explainer of why the dollar is so high. but what does it mean for the global economy, a very strong dollar? a strong dollar does lead to several pressure points. i mean, firstly, let s talk about what it means for the us. for the us, a stronger dollar means firstly slower growth and on the margin, higher inflation. now clearly, this is what the fed is going for as