What is in the treasure for the rupee in FY-2024?

In recent testimony, US Fed Chair Powell hinted at a hawkish stance and thus the market pushed the terminal rate to 5.50-5.75%. For the next FY, the more the job market remains on the tighter side and inflation remains sticky; the more the Fed will hike their rates to switch the real interest rate into positive territory.

What is in the treasure for the rupee in FY-2024?
In recent testimony, US Fed Chair Powell hinted at a hawkish stance and thus the market pushed the terminal rate to 5.50-5.75%. For the next FY, the more the job market remains on the tighter side and inflation remains sticky; the more the Fed will hike their rates to switch the real interest rate into positive territory.