Rupee likely to find support from expected inflows as US yields rise
The Indian rupee is anticipated to open slightly higher on Thursday, driven by expected inflows from the inclusion of Indian bonds in a major emerging market index. This inclusion, effective from June 28, is likely to attract passive fund inflows, providing support to the rupee.
Read more on why the Indian rupee outperforms other Asian currencies.
Disclaimer:
The currencies market has a tendency to react to the US inflation data. Caution is advised in navigating these uncertain waters.
Publication date:
2024-07-02 05:22:48 (GMT)