The Sensex and Nifty are poised to open higher on F&O expiry day, in line with global equities after the Bank of England intervened in the bond market to stabilise financial markets.
Fall comes after a record rise in the US dollar, which hit a two-decade high after the U.S. Fed raised key rates by 75 bps to 3-3.25%.
Any hint of monetary tightening translates into rising bond yields but the counterintuitive move of both 10-year and 2-year yields has left market confused.
Some people believe that central banks are the answer to all of our economic problems. But is that really the case?
