South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Asian Markets Slip as AI Spending Fears Shake Tech, Wall Street Futures Rebound 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Oil Prices Slip as U.S.–Iran Talks Ease Supply Disruption Fears 
U.S. Stock Futures Edge Higher as Tech Rout Deepens on AI Concerns and Earnings 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
Thailand Inflation Remains Negative for 10th Straight Month in January 
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock 
The Indian rupee is expected to trade between 85.80 and 86.70 this week, with a slight weakening bias, as markets assess the extent of the U.S. dollar's rebound. The rupee closed at 86.1475 on Friday, slipping 0.4% over the week. The dollar index has risen 1.5% in July so far, fueled by robust U.S. data and concerns that tariffs may be reigniting inflation, dampening expectations of imminent Federal Reserve rate cuts.
Traders will closely watch Fed Chair Jerome Powell’s remarks on Tuesday amid renewed political pressure from President Trump to ease rates. Currently, the probability of a U.S. rate cut in September stands at around 53%, according to CME’s FedWatch tool.
India’s 10-year benchmark bond yield, currently at 6.3058%, is likely to move within the 6.28%–6.33% range, with potential upward pressure from the government’s ₹300 billion ($3.5 billion) bond issuance on Friday. The Reserve Bank of India’s (RBI) recent liquidity tightening—draining ₹2 trillion from the banking system—also remains a key factor.
Domestic focus will be on RBI’s policy direction following a more-than-six-year low in June inflation and expectations of a further drop in July, raising prospects of another rate cut. AllianzGI's Giulia Pellegrini noted that weak economic data could prompt further monetary support, making Indian bonds attractive to investors.
Forex consultancy IFA Global suggests importers hedge near 86 and exporters at 86.25. Meanwhile, foreign portfolio flows may respond to India-U.S. trade negotiations and the upcoming earnings season.
Key data this week includes India’s July Flash PMI (July 24) and U.S. housing and jobless claims data, which could further sway forex and bond market sentiment.
