China warned on Friday it was fully prepared to respond with a "fierce counter strike" of fresh measures if the United States follows through on President Donald Trump's threat to slap tariffs on an additional $100 billion of Chinese goods.
Taylor and Warsh were both viewed as people who might raise interest rates at a faster pace than Yellen and Powell. Cohn appeared to fall out of favor after criticizing Trump's reaction to the violence in Charlottesville, Virginia, earlier this year.
On Wednesday, rupee had surged a solid 16 paise to end at an over one-month high of 64.59 against US currency following heavy dollar unwinding. The benchmark Sensex was trading higher by 45.53 points, or 0.13 per cent, at 33,645.80 in early session.
India’s central bank, which has kept the benchmark repo rate steady at 6.25% in the last four policy reviews awaiting the US Federal Reserve’s decision and the progress of monsoon, may opt to go for a bigger cut in the next policy review