Globally, Oil prices fell in early Asian trade on Thursday after falling by the most in a month in the previous session.Brent futures for November delivery fell 44 cents, or 0.5%, to $89.18 a barrel.U.S. West Texas Intermediate crude (WTI) CLc1 fell 49 cents, or 0.6%, to $89.17.The yield on two-year U.S. Treasury notes rose to a 17-year high of 5.1970% on Thursday, a day after the Federal Reserve held interest rates steady but stiffened its hawkish stance for future policy. The 10-year yield rose to 4.4310%, a new 16-year peak. The U.S. central bank projected a further rate increase by the end of the year and expected monetary policy to be significantly tighter through 2024 than previously thought.Money market traders now see better than 50% odds of a quarter-point hike by year-end, from around 40% probability before the Fed decision.The dollar hit fresh peaks on Thursday, sitting around its highest against the yen since November after a hawkish pause by the U.S. Federal Reserve.Sterling, meanwhile, sank to fresh multi-month lows in the wake of an inflation report that surprised to the downside on Wednesday.The dollar index, which measures the currency against a basket of rivals, rose as high as 105.59 on Thursday, its strongest since March 9.Asian stocks followed Wall Street's lead on Thursday, dipping across the board as investors interpreted the U.S. Federal Reserve's latest policy statements as signaling higher-for-longer interest rates.U.S. stocks slumped on Wednesday, All three major U.S. stock indexes retreated in the wake of announcement.Gold was slightly lower, with spot gold trading at $1928.9362 an ounce.Rupee will open negative tracking cues from strength in dollar index and higher Yields.
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