Rupee Set to Resume Rally on Lower Oil
The Indian rupee is expected to recover ground as oil prices slide below ninety dollars. However surging US Treasury yields following higher inflation could limit gains.
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India's rupee is set to resume its recent rally on Wednesday morning, supported by softer oil prices despite a surge in United States Treasury yields. The currency is expected to open in the 93.70 to 93.74 range per traders, following a close of 93.93275 to the dollar on Monday. Indian markets were closed Tuesday for a local holiday.
