Rupee Set to Open Steady As US Yields Fall

The Indian rupee is expected to open flat to higher supported by retreating US Treasury yields and a weaker dollar. However rising oil prices driven by supply concerns and AI jitters will temper potential gains.

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FILE PHOTO: A cashier holds Indian currency notes at a fuel station in Ahmedabad, India, May 20, 2026. REUTERS/Amit Dave/File Photo

The India rupee is set to open flat to marginally higher on Friday morning, supported by a retreating dollar and plunging United States Treasury yields. The currency settled at 95.26 to the dollar on Thursday.