Rupee weakens as US yields and oil prices climb higher
The Indian rupee is expected to open lower near 96.10 per dollar as a surge in the 10-year US Treasury yield to 4.62% dampens risk appetite. High Brent crude prices at $111 per barrel and regional geopolitical tensions continue to weigh on Asian currencies despite regular central bank intervention.
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The India rupee is expected to fall toward 96.08 to 96.12 per United States dollar on Monday. This follows an all-time low of 96.1350 reached Friday as Treasury yields and oil prices surged. Investors face rising borrowing costs and energy-led inflation that pressures emerging market stability.
