When is the next fed meeting on interest rates this year?
The decision on interest rates is taken by the FOMC (Federal Open Market Committee) in the US. There are 8 meetings every year and the next meeting is on the 14th and 15th of June[1]However, watch out for what Chair Yellen has to say on the 6th of June as well, as it could be a key indicator for things to come!Footnotes[1] Meeting calendars, statements, and minutes (2011-2016)
In forex trading, does DOVISH means bearish/sell?
1. Your interpretation seems to be correct. 2. Normally, it refers to lower interest rates, which means softening of currency. -"The dove’s choice: Janet Yellen. She is considered one of the most dovish members on the FOMC, which is dollar negative as it may throw the tapering of QE3 into some confusion were she to get the job." http://www.forex.com/post?SDN=1c1de179-b... -"Dovish refers to the tone of language used to describe a more passive interest rate policy towards inflation. When a central bank refers to inflation in a dovish tone, it shows being more docile and easy-going with its various fiscal policies including interest rates, thus favoring economical growth. Therefore, a dovish economy would tend to indicate lower interest rates. Opposite of hawkish." http://www.fxstreet.com/education/glossa... -"A description for something that is docile, gentle, easy-going, or otherwise positive, as if to say a thing is similar to the manner of a dove. The term can be used to describe the economy (a dovish economy would tend to indicate lower interest rates), or a specific action or event (a dovish action is not going to be strong or aggressive). opposite of hawkish.' http://www.investorwords.com/6794/dovish... . .
Economy of India: How will the Fed's interest rate hike impact India?
If Fed will increase its interest rate then a strong message will go around the world that the economic condition of the USA is improving. Due to this investor from around the world will pull out their money from other countries whose economic policies are not so good like india. Investors pull out their money from indian market that will put upward pressure on rupee and rupee will become cheap compared to dollar ( for eg. $1= rs 68). And when this will happen, import will become more costlier and export will decrease, hurting CAD and eventually BOP crisis.