US Dollar jumps to near two-month high. What could it mean for Indian stock markets - Sensex, Nifty impact
The US dollar reached its highest level in nearly two months, climbing 0.51% to 101.06 amid expectations of further Federal Reserve rate hikes. The Indian rupee weakened by 11 paise to 95.73 against the dollar, impacted by this strength. Analysts warn that a rising dollar could lead to capital outflows from Indian markets, affecting the Sensex and Nifty 50.