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India rupee to benefit from dollar retreat, plunging US yields; oil surge tempers impact
MUMBAI: The Indian rupee is likely to draw support from a retreat in the dollar and a plunge in US Treasury yields at Friday’s open, although another surge in oil prices could still weigh on the currency. The India rupee is expected to open flat to marginally higher, per traders, having settled at 95.26 to the dollar on Thursday. A fresh bout of AI-related jitters sparked a flight to safety in markets, driving investors into US Treasuries, pushing the two-year yield down 8 basis points to its lowest level in seven weeks. The 10-year Treasury yield slipped to 4.90%, down 46 basis points f...
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