Rupee Seen Resuming Rally as Softer Oil Offsets Higher US Yields
The rupee is expected to open at 93.70 to 93.74 per dollar on Wednesday, with softer oil prices supporting the currency and higher US Treasury yields acting as a dampener.
By Nimesh VoraThe Indian rupee is set to resume its recent rally on Wednesday, drawing support from softer oil prices, while a jump in US Treasury yields after inflation rose faster than expected could be a dampener.The rupee FX_IDC:USDINR is expected to open in the 93.70 to 93.74 range, per trade…