Indian Rupee Finds Support From Lower US Yields While Importer Demand Limits Gains
The rupee is expected to rise today as lower US yields provide a boost. Strong importer hedging near 90.50 will likely cap gains despite a cooling US economy.
Insights:
The Indian rupee opened with gains on Wednesday, halting a two-day slide as it drew support from a decline in U.S. Treasury (yields) and a broadly weaker U.S. dollar . This shift followed the release of economic data from the United States 
US that pointed to a cooling economy, a development that immediately influenced opening foreign exchange levels. The currency is currently trading near a structurally important threshold, a position it has maintained following the implementation of the U.S.–India trade deal .
US that pointed to a cooling economy, a development that immediately influenced opening foreign exchange levels. The currency is currently trading near a structurally important threshold, a position it has maintained following the implementation of the U.S.–India trade deal .
