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Indian rupee to navigate US-Iran truce possibility, surging global bond yields
MUMBAI: The Indian rupee is expected to remain on the defensive on Friday as markets weigh the possibility of a truce between the US and Iran and gauge the impact of soaring global bond yields that have intensified headwinds facing risk assets. The Indian rupee is expected around the 96 per dollar mark, traders said, marginally weaker from its close at 95.9550 in the previous session and vulnerable to deeper losses in the absence of central bank intervention. US and Iranian negotiators in New York are exploring a phased path out of war that would involve Tehran reopening the Strait of Hor...
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