Why are bets on a Federal Reserve rate hike fading, and what does the latest jobs data show?

Bets on a Federal Reserve rate hike are fading because U.S. employers unexpectedly shed 23,000 jobs in July — contrary to economists' expectation of adding 80,000 jobs — prompting investors to pare back expectations; as a result, Fed funds futures now imply a 44% probability of a rate hike at the September meeting, down from 55% before the data release.

How is the Reserve Bank of India supporting the rupee amid oil price uncertainty?

The Reserve Bank of India is supporting the rupee through continued market intervention, including stepping in at the open on Friday to signal it will not allow oil-price uncertainty to cause unchecked rupee depreciation; traders note the RBI’s willingness to intervene at current levels shows its intent to push the dollar/rupee lower.

Fed Rate Hike Bets Fade as RBI Backstop Blunts Oil Pressure on Rupee

Aug 9, 2026

Investors scaled back bets on a Federal Reserve rate hike after weak US employment data, while the Reserve Bank of India intervened to shield the rupee from oil price volatility amid Strait of Hormuz uncertainties.

reuters

2026-04-27

India’s Heat Wave Creates New Inflation Risks After Oil Surge

2026-05-04

Indian Rupee at Record Low as Analysts Dust Off 2013 RBI Playbook

2026-06-01

Indian Shares Likely to Open Lower as Iran War, Fund Outflows Weigh

2026-06-02

Fresh Gulf Hostilities Set to Weigh on Rupee, Traders Eye Central Bank Cushion

2026-06-04

Indian Rupee Rallies on RBI Measures to Support Oil-Hit Currency