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Indian rupee set for mild relief from dip in oil, fading Fed October hike bets
MUMBAI: The Indian rupee is expected to see some respite on Monday, with softer oil prices and further paring of bets on an October Federal Reserve rate hike easing pressure on the currency. The Indian rupee is expected to open in the 96.22-96.26 range, per traders, having settled at 96.3150 to the dollar on Thursday. Indian financial markets were shut on Friday for a holiday. The rupee has been under sustained pressure, convincingly slipping past the 96-per-dollar level to a fresh two-month low. A surge in US Treasury yields, which has boosted the dollar, and persistent pressure from hi...
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