US equities have shaken off their poor start to the year and are now posting fresh multi-year and all-time highs. Growing expectations of a soft landing and falling inflation in the US is driving the latest move higher.
The Indian rupee dived to a record low against the dollar on Friday on fresh concerns over the US Federal Reserve’s interest rate outlook. The steep fall came a day after many Fed officials showed support to extend their run of interest-rate hikes to fight inflation. Five officials highlighted that inflation was too high and financial market volatility would not deter them