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 curren...
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.