Rupee helped by dip in US yields, while election uncertainty weighs
10/5/2024 6:13
The Indian rupee on Friday will be aided by the drop in U.S. Treasury yields on indications that the U.S. labour market is cooling, while contending with dollar outflows spurred by worries over the election results.
Non-deliverable forwards indicate the rupee will open at 83.48-83.50 to the U.S. dollar, compared with 83.5025 in the previous session.
Source: Reuters
3287.99
1275.09