Rupee set to rise as oil prices and US yields retreat
The rupee is set to rise on Thursday as lower oil prices and US yields halt a nine-day decline. Brent crude fell to $105 while the RBI announced a swap auction.
Xurve View
Insights:
Xurve View
India's rupee is set to rise toward 96.66 per dollar, potentially snapping a nine-day losing streak. The currency fell 2.5% over the previous nine sessions, repeatedly hitting record lows against the United States dollar. Relief in energy costs and Treasury yields offers a temporary floor for emerging market assets facing persistent inflationary pressure.
