All eyes will be on the Federal Open Market Committee (FOMC) when they address a press conference regarding their decision to extend or withdraw their quantitative easing program. People will watch out for what it says about interest rates, whether it will keep to its old language that the accommodation will continue because the economy is still very fragile.
That will determine what happens to the dollar and what happens to the dollar will determine what happens to all risk asset classes, the Indian stock markets included. Jamal Mecklai, CEO, Mecklai Financial Services, in an interview on CNBC-TV18 says that interest rates are not the only key factor for the currency to move.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
