At 9.10 am, the local currency slid to 4.5030/5055 against the greenback from 4.5010/5045 at Monday’s close.
Fed chairman Jerome Powell has said he believes that the economic tightening will have few social consequences for the least well-off. He said the main effect of a systematic increase in the interest rate in the US, is that it makes public debt securities increasingly appealing to investors.
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