Rupee Set to Open Weaker on Fed Rate Hike Bets
The Indian rupee faces a weaker open as rising Federal Reserve rate hike bets and surging oil prices pressure Asian currencies. Hawkish remarks from Fed Chair Kevin Warsh lifted hike odds.
Xurve View
Insights:
Xurve View
The India rupee is poised to open weaker on Monday in the 95.55 to 95.60 range against the dollar. Traders increased bets on a Federal Reserve rate hike following hawkish remarks from central bank leadership. The currency finished the previous session at 95.3775.
