Indian Rupee Poised to Weaken on Higher Oil Prices, US Yields
The Indian rupee is expected to fall on Thursday, pressured by rising oil prices and US Treasury yields. Fading bets on an October Federal Reserve rate hike offer little support to the currency.
The Indian rupee is set to weaken on Thursday as higher oil prices and rising US Treasury yields add pressure on the currency, while reduced bets on an October Federal Reserve rate cut are offering limited support. 98 range.