Which country's central bank decisions on interest rates are closely watched globally for their impact on emerging market currencies including the rupee?
A
Reserve Bank of Australia
B
Bank of Japan
C
Swiss National Bank
D
US Federal Reserve
Correct Answer: Option D — US Federal Reserve
Explanation:
Decisions by the US Federal Reserve on interest rates are closely watched globally, as they significantly influence capital flows and currency stability in emerging markets, including Pakistan's rupee.