Why a Hot US Inflation Print Just Reset India's Market Math

US May CPI rose 4.2% year-on-year, the fastest pace since April 2023, driven mostly by an energy spike.

Core inflation stayed tame at 2.9%, the one detail that keeps the Fed from panicking.

Markets now see almost no chance of a Fed cut at the June 16-17 meeting; some traders even whisper about a hike.

A Fed on hold plus a strong dollar keeps pressure on the rupee and on foreign flows into Indian stocks.

RBI has already paused at 5.25%, leaving little cushion if global money keeps leaving.