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Oil relief to revive rupee rally, US yields surge could act as brake

MUMBAI: The Indian rupee is set to resume its recent rally on Wednesday, drawing support from softer oil prices, while a jump in ​US Treasury yields after inflation rose faster than expected could be ‌a dampener. The rupee is expected to open in the 93.70 to 93.74 range, per traders, having settled at 93.93275 to the dollar on Monday. Indian financial markets were shut ​on Tuesday or a local…

First reported by Business Recorder 1 source
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  1. Business Recorder

    Oil relief to revive rupee rally, US yields surge could act as brake (opens Business Recorder in a new tab)

    MUMBAI: The Indian rupee is set to resume its recent rally on Wednesday, drawing support from softer oil prices, while a jump in ​US Treasury yields after inflation rose faster than expected could be ‌a dampener. The rupee is expected to open in the 93.70 to…

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