💨 Abstract

The Indian rupee is expected to open weaker on Wednesday due to upbeat U.S. economic data, which increased U.S. bond yields and strengthened the dollar. The dollar index dipped temporarily but later resumed its uptrend. Job openings in the U.S. grew beyond forecasts, and services sector activity also accelerated. The 10-year Treasury yield rose to its highest level since April 2021.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖