Rupee Set to Open Higher as Asian Peers Rise on Fed

The Indian rupee is expected to edge higher at Thursday open as Asian currencies gain ground following a modestly dovish Federal Reserve policy decision and falling US Treasury yields.

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FILE PHOTO: A man walks past an installation of the Rupee logo and Indian currency coins outside the Reserve Bank of India (RBI) headquarters in Mumbai, India, April 9, 2025. REUTERS/Francis Mascarenhas/ File Photo

The India rupee is poised for a higher open during Thursday morning trade, tracking broad Asian currency gains following a dovish Federal Reserve policy shift. The currency is expected to open in the 95.14 to 95.18 range against the dollar. This follows a close of 95.22 during Wednesday's session.