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Indian rupee eyes mild relief with Asian peers buoyed by 'modestly' dovish Fed
MUMBAI: The Indian rupee is likely to inch higher at Thursday’s open, tracking most Asian currencies after the Federal Reserve’s policy decision and Chair Warsh’s subsequent comments were read as modestly dovish by parts of the market. The Indian rupee is expected to open in the 95.14-95.18 range, per traders, having settled at 95.22 to the dollar on Wednesday. The Korean won led Asian currencies higher, boosted by a drop in near maturity US Treasury yields after the Fed left interest rates unchanged, in line with expectations. Two policymakers dissented in favour of a hike. Markets had ...
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