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Indian rupee to rise after US yields reverse inflation-led spike, Fed hike bets remain low
MUMBAI: The Indian rupee is likely to rise at the open on Thursday, boosted by the pullback in US Treasury yields after an initial rise on sticky inflation data, with traders still pricing in limited chances of a Federal Reserve rate hike in October. The india rupee is expected to open in the 95.02 to 95.06 range, per traders, having settled at 95.15 to the dollar on Wednesday. The focus is squarely on the Reserve Bank of India and how far it is willing to go to shore up the india rupee. The central bank has curbed dollar demand through a series of measures, following that up with direct...
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