Rupee Set to Weaken on Oil and US Yield Pressures
The Indian rupee faces downward pressure as higher oil prices and rising US Treasury yields outweigh fading rate hike expectations. The Reserve Bank of India is expected to continue intervening to prevent sharp declines past key psychological thresholds.
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Xurve View
The India rupee is poised to drop on Thursday morning, trading in the 95.96 to 95.98 range against the dollar. This follows a Wednesday close of 95.83, pressured by rising oil prices and higher United States Treasury yields.
